The number of active managers in Europe beating their benchmarks in 2017 rose to 44%, an increase on the 28% recorded the previous year, according to data from Lyxor Asset Management.
The research, which studied more than 6,000 funds across 23 different universes with assets under management totalling €1.4trn, found equity managers posted the the most robust results with 47% of managers...
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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