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TIAA CEO breaks from industry groups to support fiduciary rule

Roger Ferguson, head of TIAA, said he is not supporting litigation against the DOL fiduciary rule.

By Katherine Chiglinsky, Agnel Philip | Updated on June 22, 2016
Then-Treasury Secretary Timothy Geithner, right, talks with, from left, UBS Group Americas President and CEO Robert Wolf, TIAA-CREF President and CEO Roger W. Ferguson, Jr., and Pritzker Realty Group Chair Penny Pritzker in a 2010 file photo; Ferguson came out in support of the DOL fiduciary rule recently. (Photo: AP)

(Bloomberg) — Roger Ferguson, the former Federal Reserve vice chairman who is chief executive officer of TIAA, is breaking from industry groups that sued the U.S. Labor Department to challenge increased government oversight of retirement products.

Related: See our DOL fiduciary rule page

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