Smooth Retirement and Pension Boost announce partnership

From

Scott Phillips

Equity release specialists Smooth Retirement and Pension Loans Scheme platform Pension Boost today announced they have entered into a strategic partnership.

The companies have teamed together to augment their compatible capabilities and to deliver greater value to clients through the provision of expert advice and assistance with all forms of home equity release.

Smooth Retirement and Pension Boost both provide specialist professional services to assist the growing number of income-poor, asset rich retirees to access some of the saved equity in their homes so they can improve their lifestyles and live better in retirement.

Pension Boost provides Australia’s only national independent specialist service for seniors wishing to access the Federal Government’s reverse-mortgage style Pension Loans Scheme (PLS).

Smooth Retirement delivers holistic equity release planning and broking in an all-in-one nationwide service, providing access to, and independent advice on all commercially available products and providers.

Smooth Retirement CEO and Managing Director Scott Phillips said the partnership formally recognised the commercial and ethical alignment of the two business models – both being pure fee-for-service, no commission and client-focused.

“Working with Pension Boost, we can offer a much superior and streamlined service to clients seeking equity release by identifying the best solution for them and assisting them to access it – whether that be the Government’s PLS, or commercial reverse mortgages and alternative equity release products.”

Pension Boost CEO and Founder Paul Rogan said equity release was becoming increasingly sought after by seniors who are wishing to live a better life but are ‘income poor’, noting there has been unprecedented levels of enquiry into the Pension Loans Scheme since the eligibility rules were expanded in July 2019 opening the Scheme up to vastly more seniors.

“More and more Australian retirees are looking for ways to supplement their retirement incomes and seeking assistance and advice to help them navigate their way through the often confusing and conflicting information and lengthy application process.”

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