Father will accept pointless risk gives spice (7)
I believe the answer is:
paprika
'spice' is the definition.
(I've seen this before)
'father will accept pointless risk' is the wordplay.
'father' becomes 'papa' (papa is a kind of father).
'will accept' is an insertion indicator.
'pointless risk' becomes 'rik' (I am not sure about this - if you are sure you should believe this answer much more).
'papa' enclosing 'rik' is 'PAPRIKA'.
'gives' acts as a link.
Can you help me to learn more?
(Other definitions for paprika that I've seen before include "Deep red spice" , "Seasoning made from pepper" , "Sweet red pepper" , "strong-tasting spice" , "Powder made from dried red pepper" .)