Lawmakers raised scant attention to retirement issues during the roughly three-hour confirmation hearing for Labor Secretary nominee R. Alexander Acosta.
Sen. Elizabeth Warren, D-MA, directed questions on the proposed delay of the Labor Department’s fiduciary rule in the waning minutes of the Health, Education, Labor, and Pension committee’s hearing, asking the nominee for his general impression of the rule’s intention to protect American’s retirement savings by assuring they receive non-conflicted investment advice.
“Do I think it is important to protect the American retiree? Absolutely,” said Acosta.
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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.
