While the prolonged bull market may have distracted funds from focusing on fees, diminishing performance and heightened cost concerns suggest that now is the time to revisit the issue.
The watchdog said the scope for reducing lower cost services was now diminishing and, at the same time, councils had to deal with rising demand for high-cost services, such as children's social care.
He suggests that a remanufactured Cessna 172 with a new engine (that burns something other than the diminishing supply of 100LL), new avionics, new paint and an updated interior might cost about half the price of a brand new one.