Bonham Carter: We will not step forward on distribution deals

Jupiter CEO Edward Bonham Carter said the asset manager is unwilling to commit to a new pricing strategy because of continued uncertainty surrounding RDR implementation.

Speaking to Investment Week, Bonham Carter said it is too soon for Jupiter to make final decisions - despite distributors such as Hargreaves Lansdown and Standard Life preparing to reveal more details of the post-RDR pricing strategies they have negotiated with fund groups. The Jupiter CEO said there remains a "tension" between offering bespoke deals to particular clients and wishing to keep pricing as simple as possible. "It is too early to come out with a definitive pricing strategy for everyone, because the market is still trying to settle down. It is important we are represented a...