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As the fiduciary rule is currently written, it's got to affect the RIA fee-based advisory model, says Chris Jones, CIO at Financial Engines, the countrys largest independent RIA.

DOL Secretary Acosta has limited options to issue a delay of the June 9 requirement that advisors serve as fiduciaries, according to some industry insiders and at least one attorney expert in the Employee Retirement Income Security Act.

The accusation that career bureaucrats in the DOL are trying to resist the Trump administration by implementing the impartial conduct standard falls apart for one simple reason.

Opponents of the DOL fiduciary rule are calling on Sec. Acosta to further delay its implementation date, accusing the DOL of 'tomfoolery' and worse.

Despite the fiduciary rule's delay, the mere threat of it going live has changed the retirement industry, analysts say.

As the GOP struggles to get the votes to roll back a DOL safe harbor for state-run retirement plans, state treasurers have entered the debate -- because states will have to foot the bill for poor retirees with little to no retirement savings.

Comment letters solicited by the DOL reveal the financial industry's fears and wishes about the fiduciary rule -- here's what Empower Retirement, BlackRock, IRI and others are saying.

For both non-profit and for-profit companies, plan sponsors share the same top fear.