Dan Brocklebank, UK director of Orbis Investments, has said the dramatic rise in passives over the past few years has been positive in shining a spotlight on active funds, which are effectively "closet trackers".
Speaking at the Professional Adviser 360 event, Brocklebank said some of the actions within the active community had not been constructive for clients meaning they had shifted their assets towards passives....
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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