The so-called Industry Body, SEQUAL has closed its operations with very little said about the reason for this remarkable decision. Australian Seniors deserve better than a Lender-based operation. The Equity Release market needs strong leadership… Properly Trained Advisers, Suitable Products & Fully-informed Consumers. There is Much Work to be Done!
Australia needs a National Equity Release Qualification, Now! As the author of the first and current Equity Release Industry Accreditation course, I can tel you that it needs fixing! Despite the fact that Senior Australian’s are facing a poorly prepared retirement, very little is actually happening to assist them to access their significant property wealth … More Demand for equity release qualifications up by a quarter | Financial Reporter
The 2016 Star Ratings Report compares 10 reverse mortgages from 7 lenders, to determine which providers and products offer outstanding value for borrowers. Source: Reverse Mortgages – Star Ratings – Canstar
Actuaries Institute Report A “must read’ for Market Practitioners and Policy Makers. http://tinyurl.com/Unlock-Housing-Wealth
The largest generation within the Australian population is rapidly approaching retirement, poorly prepared for that stage of their lives. Although the so-called Baby Boomer generation has achieved extraordinary personal wealth through home ownership, they are ASSET RICH but CASH POOR. However, this generation can expect to LIVE LONGER than any generation before them and they … More Accessing Housing Wealth in order to Live Well in retirement.
While older retirees may be reluctant to dissipate large amounts of capital to retain their previous pension entitlement, the investment returns now provide compelling reasons to do so. Source: Retirees are burning capital to qualify for a part age pension
Controversial proposal would result in families using some of children’s inheritance as parents live longer Source: Elderly should sell homes to fund care, says aide to Theresa May | Society | The Guardian