Nicholas Pension Consultants
Plumbers Local Union No. 1 Benefit Funds
Retirement Plan Consultants
Farmer & Betts, Inc.
EPIC Retirement Plan Services
Loren D. Stark Company
Pension Rights Center
Pension Plan Specialists
RTD Financial Advisors
Kentucky Trust Company
Retirement Industry Trust Association (RITA)
Hochheiser Deutsch & Co, Inc.
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|Overview of Fall-Out from Spitzer Investigation of Marsh & McLennon|
Oct. 28, 2004
Excerpt: As the financial industry suffers yet another black eye from Elliott Spitzer's investigation of Marsh's insurance brokerage unit, it's worthwhile speculating how the fall-out could affect the retirement industry. Marsh is accused of rigging bids on insurance RFPs to keep prices artificially high while rewarding those insurance carriers paying placement fees and the largest over-ride commissions. Of Marsh's 2003 $1.5 billion in profit, $800 million came from these fees and commissions.
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