61 pages. Excerpt: This analysis of fee disclosure takes into account insights from behavioral economics in assessing the usefulness of different approaches. Standardizing types of fees and formats in which they are presented would facilitate comparisons across different investment options. The report proposes a model fee disclosure. It creates a score card assessing the current fee disclosure in six countries: Australia, Canada, Chile, Sweden, the United Kingdom, and the United States. While the cost of greater disclosure has been raised as an issue, the evidence indicates that the cost borne by participants would be small.

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