May 6, 2016
I fully support the findings of the Advisory Committee's findings on April 14, 2016 and would welcome that full disclosure of all fees (TER/OCR, transaction and research) be disclosed by all funds/ETP's. I am aware that the precise transaction fees vary, a representative good estimate can easily be given as is done for TER's on $1000 or $5000 investments.
In my opinion full fee disclosure may even attract investors to fund providers, due to the transparency and also allow more accurate comparisons, as been shown with ETF's.
In the UK, Neil Woodford (Woodford Equity Income) is the first fund manager in the UK to disclose such fees along with a complete list of holdings on a quarterly basis.
I look forward to following your progress on such an important issue, especially as so many of the population shy away from investment for retirement for exactly these reasons.