Media

In Brief: July Edition  

Do you have a good advice story?

Are you an adviser with a customer who'd like to tell their story how your advice helped them?

Are you a customer with a good story about how advice has added value to your life?

Tell us about it

FAAA is ‘really concerned’ about risk advice, says Abood

« back to media

17 May 2023 by Maja Garaca Djurdjevic, Independent Financial Adviser

Article link: https://www.ifa.com.au/risk/32792-faaa-is-really-concerned-about-risk-advice-says-abood

The chief executive officer of the Financial Advice Association Australia (FAAA), Sarah Abood, has revealed that the life risk advice space is on the association’s advocacy agenda.

Last year, research from Adviser Ratings showed that there are fewer than 200 “pure risk” advisers in the country.

The firm noted that the pure risk segment has dropped by 67 per cent in less than a year, while the volume of high-risk advisers has halved.

“There are now 225 advisers handling a quarter of all in force in Australia — averaging $4 million per adviser,” Adviser Ratings said.


Comments

No comments added.


Add comment

Name

Email

Comments

Enter code:*

Add comment


« back to media