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<p>The Government is aware of the impact that costs can have on investment returns.
While there are currently no plans for HM Treasury to undertake a review the Government
is working with the Financial Conduct Authority (FCA), which regulates the disclosure
of fees and expenses in accordance with existing regulation.</p><p> </p><p>The FCA
has conducted a review on the clarity of fund charges within the current regulatory
framework to ensure costs are clearly set out to consumers. It will publish its findings
in quarter 2 2014. The FCA has also worked closely with the Treasury to shape future
European legislation which will improve the disclosure of fund charges across Europe.</p><p>
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