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Some may find the little story here amusing, in response to IFIC's forum next week supposedly devoted to boosting the nation's financial literacy:
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FYI, this week an 8-part series on alternative investments kicked off in the Post, featuring Westcourt Capital's David Kaufman. Details on my blog today:
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I see IFIC has joined the FinLit (Financial Literacy) party but in my blog yesterday and column today I question its sincerity:
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...is of course the joker in the mirror. Here's a book review on the topic:

http://network.nationalpost.com/np/blogs/wealthyboomer/default.aspx

I just got hit personally with debit card fraud and as my column and blog today suggest, the numbers are rising in Canada at almost epidemic proportions. But the new chip technology should curb...

Some good replies; thanks. FYI, the second item on the current FP Big Picture audio podcast is a 10-minute chat on TFSAs and RRSPs between myself and the Post's Pamela Heaven.
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Hi everyone. Apologies for sporadic "attendance" here but RRSP/TFSA season very busy. Would be interested if anyone has answers to either of the questions poised in today's blog:
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Should advisors take a 1% trailer fee on an index fund? Are they "spoiled" or is it the bank-owned discount brokers who take a 1% trail for no service really spoiled. My blog on this, which is...

Here's Trimark's response to the ETF industry's criticisms of its PowerShares Funds:
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Here are the full MER charts for both A class and F class. As I note in the blog, you'll have to add in your advisory fee on the F class so it may be a wash. Pity discount brokerage DIY investors are...

MERs on the new funds will range from 1.65% to 1.9% according to a Morningstar piece today by Rudy Luukko. If that helps push the fund industry to view 2% as a ceiling rather than a floor, that's a...

As I note in the FP today, Invesco Trimark has blurred the lines between mutual funds and ETFs with its new PowerShares Funds, which are available today. I suggest this may alter the landscape...

Still more on financial literacy: Visa revamps its site devoted to financial literacy:
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Nice to see that Ontario plans to integrate financial literacy programs into its grade 4 to grade 12 curricula starting in September 2011.
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Has anyone seen Mackenzie Financial's new brochure supposedly rebutting ETF myths? It's called "I thought I wanted an ETF." There's a link to it in my blog of the same title published today:
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