(Bloomberg) -- Roger Ferguson, the former Federal Reserve vicechairman who is chief executive officer of TIAA, is breaking from industry groupsthat sued the U.S. Labor Department to challenge increasedgovernment oversight of retirement products.
“We are not supporting litigation,” Ferguson said in a phoneinterview Wednesday. “The department, in my assessment, ran a goodprocess.”
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
