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Sen. Warren rips Primerica president during Senate panel on DOL rule

Primerica head Peter Schneider testified about the DOLs current proposal, then Senator Elizabeth Warren, D-Massachusetts, questioned him--here's how their dialog went.

By Nick Thornton | Updated on July 22, 2015
Senator Elizabeth Warren (photo: AP)

A well-mannered, at times jocular subcommittee hearing on the Department of Labor’s conflict of interest proposal in the Senate turned in tone when Sen. Elizabeth Warren, D-Massachusetts, took to questioning panel witnesses.

One in particular, Peter Schneider, president of Primerica Inc., a Georgia-based provider of investment services distributed through a channel of 90,000 advisors, was specifically signaled out by Sen. Warren, a staunch supporter of the DOL’s rule.

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Nick Thornton

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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