{"id":57320,"date":"2021-08-31T14:24:16","date_gmt":"2021-08-31T04:24:16","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=57320"},"modified":"2021-09-07T15:56:47","modified_gmt":"2021-09-07T05:56:47","slug":"poll-results-14","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2021\/08\/31\/poll-results-14\/","title":{"rendered":"Advisers Agree on Impact of Declining Risk Specialist Numbers"},"content":{"rendered":"<div id=\"polls-261\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>Declining numbers of risk advisers will have a significant and adverse impact on the level of Australia's social security burden.<\/strong><\/div><div id=\"polls-261-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>Agree <small>(92%)<\/small><div class=\"pollbar\" style=\"width: 92%\" title=\"Agree (92% | 195 Votes)\"><\/div><\/li>\n\t\t<li>Disagree <small>(6%)<\/small><div class=\"pollbar\" style=\"width: 6%\" title=\"Disagree (6% | 12 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(2%)<\/small><div class=\"pollbar\" style=\"width: 2%\" title=\"Not sure (2% | 5 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_261_nonce\" name=\"wp-polls-nonce\" value=\"512c0dc19f\" \/>\n<\/div>\n\n<p>In a very lop-sided poll result, there&#8217;s an almost universal view among advisers that fewer risk-focussed advisers will ultimately place a greater burden on the Australian taxpayer to sustain more Australians needing to rely on the public purse.<\/p>\n<p>As we go to print, a huge 92% of those taking our poll can project a link between declining risk specialist adviser numbers and more strain on the Government&#8217;s future social welfare commitments (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2021\/08\/24\/lower-adviser-numbers-adds-to-taxpayer-burden\/\" target=\"_blank\" rel=\"noopener\">Lower Adviser Numbers Compound Taxpayer Burden<\/a>).<\/p>\n<p>To the extent that increasing reliance on social security hand-outs is or will become a reality for more Australians, this is an example of unintended consequences cascading their way from the implementation of well-intended regulatory reforms to the eventual impact of those reforms on the Australian community.<\/p>\n<p>The rare win for advisers this week, which saw the Government placing a cap on the ASIC funding levy for advisers, represents one small tick in the box of reducing the cost of delivering advice &#8211; or at least not increasing it any further (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2021\/08\/30\/temporary-and-targeted-relief-on-asic-levies-for-financial-advisers\/\" target=\"_blank\" rel=\"noopener\">Win for Advisers&#8230;<\/a>).<\/p>\n<p>But there&#8217;s much more the Government may want to consider &#8211; both in terms of the cost of delivering financial advice to Australians and the ability for advisers to be fairly remunerated for the value they deliver their clients &#8211; if it is to avoid what many advisers believe will be a needless blow-out in the nation&#8217;s social security accounts caused by the decline in consumer access to specialist life insurance advice.<\/p>\n<p>Our poll remains open for another week and we welcome your views&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a very lop-sided poll result, there&#8217;s an almost universal view among advisers that fewer risk-focussed advisers will ultimately place a greater burden on the Australian taxpayer to sustain more Australians needing to rely on the public purse. As we go to print, a huge 92% of those taking our poll can project a link [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":57347,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,49],"tags":[],"class_list":["post-57320","post","type-post","status-publish","format-standard","has-post-thumbnail","category-compliance-regulation","category-polls"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/57320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=57320"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/57320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/57347"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=57320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=57320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=57320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}