This financial services news podcast covers the need to engage Millennials and Gen Z in the financial advice sector, predicting a loss of up to $3.5 trillion if advisers fail to connect with these demographics. Amid the growth of the retiree population in Australia, the episode highlights an urgent need to enlarge the adviser workforce despite hindrances like high costs and stringent educational standards. Concerns about reforms to non-compete clauses in the finance sector are voiced by the Financial Advice Association Australia, which respects both business stability and client choice. The episode concludes with the Swiss Re Institute's forecast: global property and casualty insurance premiums will rise in line with GDP, potentially doubling the market value to $US4.3 trillion by 2040, with efficiency in pricing and risk management becoming increasingly vital.

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