TAL Risk Academy attracted strongest enrolments in 2022

TAL revealed that the courses of its financial adviser education platform, TAL Risk Academy, reached significant milestones in 2022, including attracting its strongest enrolments.

In 2022, the TAL Risk Academy recorded:

• More than 11,000 course enrolments;
• More than 12,000 CPD hours issued;
• An average course satisfaction rating of 4.7 out of 5; and
• Over $50,000 in course fees donated to the Australian Business Community Network (ABCN) charity.

“The financial advice industry has undergone significant change in recent years, and life insurers have an important role to play in supporting advisers through education,” said Niall McConville, general manager of retail distribution individual life, TAL. “For the financial advice industry, the past year has been largely characterised by the changes to income protection products, alongside a spotlight on potential reform of the industry through the Treasury’s Quality of Advice Review, and this was reflected in adviser enrolments at the TAL Risk Academy.”

According to TAL Risk Academy’s data, the courses with the highest attendance included:

• The income protection masterclass, a practical course on the new individual disability income insurance (IDII) landscape;
• A course on fee structures; and
• The most popular course this year – The Adviser as Nostradamus – covered changes in the advice process and documentation, focusing on the code of ethics’ requirement for advisers to consider clients’ long-term interests.

McConville explained that industry-aligned courses on topics ranging from the fundamentals of income protection to more in-depth case study analysis of emerging advice strategies helped advisers extend their knowledge and skill base while continuing to deliver value for their clients.

He added: “In 2023, the Quality of Advice Review could lead to further change for the industry. We encourage advisers to take the opportunity to catch up on CPD learning during the first few weeks of the year and consider undertaking courses required for the professional year.

“We are extremely grateful for the adviser support of the TAL Risk Academy program and congratulate all those who extended their knowledge and skills in 2022. Through providing adviser education, we can continue to support and build advisers’ capabilities, ultimately contributing to improvements in the quality of advice for all Australians.”