Jupiter's Bonham Carter on consolidation in the platform space

Jupiter chief executive Edward Bonham Carter has said the significant disruption facing platform business models in the run-up to RDR will lead to consolidation in the space.

Speaking to Investment Week after Jupiter revealed resilient interim results yesterday, Bonham Carter said while increased pricing pressure on asset managers could not be discounted, the main impact of platform fee transparency would fall on the distributors themselves. "Each platform has a different strategy in terms of how they address the customer, but I see consolidation in the space." Along with other asset managers, Jupiter is a significant shareholder in Cofunds, retaining a 10% stake. Bonham Carter compared the platform industry's situation to that of food retailers in the 197...