It's an important point. I think the best thing governments can do is to increase disclosure. If we had very simple ways to disclose management fees so those who struggle to understand the behind-the-scenes machinations can see at a glance the fees they are paying, that would be an important measure.
Capping fees is always a worry. You know, the adage is true that you get what you pay for. Sometimes a higher fee is justified if you're getting better investment advice and your returns are greater.