CALI

While the government takes its time drafting the second tranche of advice reforms, representatives for the life insurance agency fear the ongoing delays will spill over into the next federal election, which could mean the can gets kicked down the road even further.

The problems afflicting Australia’s life insurance advice industry run deep, with pundits estimating there are now less than 1,000 pure risk advisers left in the country. That consumers are turning to other sources of information should come as no surprise.