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GLG set for absolute sector push

GLG is looking to launch more funds in the absolute return sector in the coming months.

Co-head of retail Richard Phillips says the firm is keen to build on its expertise in the sector but has no firm details for products on the back of the future launch of the GLG UK select fund.

He says: “We are looking across a number of asset classes but, given the capacity we have in that area, it makes sense to add to the absolute return range. It is still at an early stage.”

Money Marketing recently revealed that GLG has proposed a series of mergers and closures across a number of its UK and fixed-interest funds following the acquisition of SocGen Asset Management in April and Phillips says that the firm will focus on adding to the range in more detail once that is completed.


Aviva to cut WP bonuses again

Aviva is expected to cut its with-profits bonuses again this week with new bonus rate figures on Friday.


Guide: day-to-day tasks ​— can your system manage?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.


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