Labor Department Issues Final Fiduciary Rule on Investment Advice

The Department of Labor (DOL) on April 6 released the final version of its new rule imposing a fiduciary standard on investment advice related to retirement savings.

NAREIT is currently analyzing the complex DOL Fiduciary Rule to assess its impact on REITs, REIT sponsors and investors. It appears that the DOL Fiduciary Rule includes important modifications, including some sought by NAREIT’s Public Non-listed REIT (PNLR) Council.

(Contact: Victoria Rostow at vrostow@nareit.com)

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