{"id":79343,"date":"2025-09-23T08:52:46","date_gmt":"2025-09-22T22:52:46","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=79343"},"modified":"2025-09-29T11:48:51","modified_gmt":"2025-09-29T01:48:51","slug":"whats-holding-back-adviser-numbers-your-verdict","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2025\/09\/23\/whats-holding-back-adviser-numbers-your-verdict\/","title":{"rendered":"What&#8217;s Holding Back Adviser Numbers? Your Verdict"},"content":{"rendered":"<div id=\"polls-352\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>Lack of infrastructure is now the main reason preventing more Australians from accessing life insurance advice.<\/strong><\/div><div id=\"polls-352-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>Disagree <small>(59%)<\/small><div class=\"pollbar\" style=\"width: 59%\" title=\"Disagree (59% | 73 Votes)\"><\/div><\/li>\n\t\t<li>Agree <small>(28%)<\/small><div class=\"pollbar\" style=\"width: 28%\" title=\"Agree (28% | 35 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(13%)<\/small><div class=\"pollbar\" style=\"width: 13%\" title=\"Not sure (13% | 16 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_352_nonce\" name=\"wp-polls-nonce\" value=\"3c5ca27cd6\" \/>\n<\/div>\n\n<p>The majority of advisers think there are key factors other than a lack of infrastructure preventing more Australians accessing life insurance advice.<\/p>\n<p>As we go to press, 56% of those voting in our latest poll disagree with the proposition that the lack of infrastructure is the now main stumbling block in the drive to deliver more life insurance advice to consumers. Around one in three (31%) support this contention, with the rest unsure at the moment.<\/p>\n<p>The proposition that a lack of industry infrastructure is now the main driver preventing more Australians accessing risk advice is an extension of a point generally accepted at the recent <a href=\"https:\/\/riskinfo.com.au\/news\/2025\/09\/11\/lack-of-infrastructure-behind-adviser-shortage\/\" target=\"_blank\" rel=\"noopener\">AIA Australia Round Table<\/a> event, at which it was mostly accepted that the current lack of infrastructure was the main reason preventing more new entrants into the advice sector. By extension, then, fewer new advisers entering the sector leads in turn to fewer Australians having access to much needed financial and life insurance advice.<\/p>\n<p>As we note, however, the majority of Riskinfo readers disagree that the lack of infrastructure is the main cause for this dilemma.<\/p>\n<p>For the 56% who disagree, what do you think is the main cause? Do you think the main challenge remains what many in the sector contend is unreasonable remuneration restrictions under the Life Insurance Framework reforms? Is it that the minimum education\u00a0 standards required to advise on life insurance are just too high? Or is it something else? If it&#8217;s a combination of factors, which is the most critical?<\/p>\n<blockquote><p>&#8230;upfront education requirements [for life insurance advice] are not fit for purpose<\/p><\/blockquote>\n<p>One Riskinfo reader offers this assessment as to what&#8217;s holding back adviser numbers and says it&#8217;s easy to understand:<\/p>\n<p><em>In simple words, it has been made too hard and the upfront education requirements are not fit for purpose with most of the subject matter having no relevance to the work that will be done.<\/em><\/p>\n<p><em>Make financial advice and risk advice completely different courses with differing education requirements and make it easier for existing advisers to incorporate risk advise and risk advisers into their practices.<\/em><\/p>\n<p>Do you agree? Like many challenges facing the life insurance and life insurance advice sector, the answer usually rests in addressing and solving a series of interconnected issues, whether this relates to challenges such as product sustainability, advice practice commercial success or the number of Australians receiving life insurance advice.<\/p>\n<p>As our poll remains open for another week we welcome your thoughts as to what you think is the main barrier to opening the floodgates that will allow more advisers deliver more life insurance advice to more Australians&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The majority of advisers think there are key factors other than a lack of infrastructure preventing more Australians accessing life insurance advice. As we go to press, 56% of those voting in our latest poll disagree with the proposition that the lack of infrastructure is the now main stumbling block in the drive to deliver [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":79351,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,8293,248],"tags":[],"class_list":["post-79343","post","type-post","status-publish","format-standard","has-post-thumbnail","category-compliance-regulation","category-general-advice","category-training"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/79343","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=79343"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/79343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/79351"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=79343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=79343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=79343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}