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Legal and regulatory update for the life and health insurance sector

In Australia the numbers of financial advisers continue to shrink rapidly - we regularly report on this, but here are more news stories on Australian adviser numbers, with three links as follows:

https://www.moneymanagement.com.au/news/financial-planning/how-many-advisers-will-be-there-2022

https://www.moneymanagement.com.au/news/financial-planning/over-2000-advisers-left-industry-year-date

https://www.moneymanagement.com.au/news/financial-planning/adviser-losses-disappointing-not-unexpected

With adviser numbers down by more than 10% in the last year, and many predicting that thousands more will exit over the coming year, there is growing concern in Australia that legal and regulatory settings are wrong and may already be restricting access to financial advice to the wealthy. 

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