I've been reading about Australia's recent move to require pension funds to show members exactly how their money is invested, and it makes me wonder—should retirement savings be forced into more transparent, lower-fee options by law? My own 401(k) has four different funds with expense ratios ranging from 0.05% to 1.2%, and the high-fee one hasn't outperformed the index fund over the past decade. When I asked my HR department why we even offer it, they said 'choice.' But for most people, that choice just means higher costs and worse outcomes. The data is pretty clear that passive indexing beats active management for the vast majority of investors, so why not nudge everyone toward that? I'm leaning yes, but I worry about paternalism and limiting people's ability to take risks if they want to.