Fund World: Consumer Revolution and Service Charge

fund world: Premier Doug Ford's finance minister,Vic Fedeli, right announced earlier this month that a deferred service charge on mutual funds actually helps investors save for retirement, according to The Toronto Star. Richard Lautens / Toronto Star In the 1990s, a consumer revolution started rocking the mutual fund world as industry critic Glorianne Stromberg wrote two influential reports urging change. As a rookie business reporter in 1987 after switching from news I started covering the astonishing rise of mutual funds from a niche product to their current status as a 1.5-trillion industry in Canada. She highlighted the high and hidden costs of owning this popular investment.I believed her critique could be as disruptive as the U.S. Surgeon General's report on smoking and health 1964 which led to a war on tobacco, and Ralph Nader's pioneering book, Unsafe at Any Speed 1965 which brought in safer cars. Article Continued Below Canadian fund buyers have seen only incremental changes in the past 25 years. Alas, the hopes for large-scale reform were not realized. (news.financializer.com). As reported in the news.