'I see consolidation': Jupiter chief speaks out on platforms

Speaking to IFAonline's sister title, Investment Week, Edward Bonham Carter said that, 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 1970s, given competitiv...