Marsh puts fees in contingency fund
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NEW YORK Marsh &amp; McLennan, the insurance brokerage company being sued by the New York State attorney general for taking payments from insurers, has said that it plans to put about $230 million of the fees into an account that may become part of a
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By Andrew Foxwell, Financial Mail on Sunday, London  Feb. 4--Insurers and businesses must pool their resources to tackle the  rising cost of environmental liability claims, a leading insurance broker has  said.
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Insurance brokerage Marsh &amp; McLennan Cos., backing away from a February statement that it was committed to keeping its Boston mutual fund division Putnam Investments, yesterday said it was seeking to determine how much Putnam could fetch in the current environment.
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Turbocharge your savings thanks to lowered fund fees.
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The Securities and Exchange Commission announced a &#36;140 million settlement Wednesday with a mutual fund adviser to the former FleetBoston Financial Corp. for improper trading, the same day the agency filed civil fraud charges against two former employees of the adviser.
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Mutual fund fees may look small, but they can eat much of your earnings.
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Mutual fund investors are right to wonder and worry about the costs they are paying to own their shares -- $37 billion went into funds with loads in 2006.
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Insurance broker Marsh &amp; McLennan Cos. said yesterday it is renegotiating terms of $2.8 billion of backup bank financing after New York Attorney General Eliot Spitzer sued the company last week.
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Marsh & McLennan Cos. on Monday agreed  to pay $850 million to settle charges it conspired with  insurers to rig bids, raising hopes the world's biggest  insurance broker can start to move past the scandal.
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It's time to stop a hidden fund fee.
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , the insurance broker accused by New York&#39;s Attorney General Eliot Spitzer of bid-rigging fraud, on
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BOSTON (CBS.MW) -- Franklin Resources has agreed to pay a $5 million fine in connection with charges that it allowed market timing in a fund that prohibited the practice in its prospectus.
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In one of the biggest settlements to date in the mutual fund scandal, Invesco Funds and AIM Advisors agreed to $450 million in fines and fee reductions Tuesday to settle allegations they allowed favored customers to carry out illicit trading strategies in
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MARSH &amp; MCLENNAN, the insurance broker at the centre of a bid-rigging and fee-fixing scandal, admitted that it had received more than $1.
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Marsh & McLennan Companies agreed to pay $850 million to settle a lawsuit accusing it of cheating customers by rigging prices and steering business to insurers.
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Invesco Funds Group and its sister company will pay more than &#36;450 million in penalties, restitution and lowered fees to settle allegations they allowed wealthy investors to trade their mutual funds improperly.
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Fidelity Investments is being sued by  workers at Deere & Co.  who claim the world's largest  mutual fund company charged them "unreasonable" fees and  expenses to manage their retirement savings.