Household Capital has announced the completion of a Series B financing, with UK global asset manager and financial services provider Legal & General acquiring a 20 percent stake in the Australian company. Existing and new investors joined Legal & General in the Series B financing, which takes the total amount of equity capital raised by […]
continue readingHousehold Capital, an independent, specialist retirement funding provider has completed its submission to the Retirement Income Review in response to the government’s consultation paper released in November 2019. The purpose of the Retirement Income Review is to ascertain the degree to which retirees are supported by the three pillars of Australia’s retirement system; superannuation, the […]
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04
Feb
2020
Household Capital, an independent, specialist retirement funding provider has welcomed the federal government’s review of the rate it charges for the reverse mortgages in its Pension Loan Scheme (PLS), its expanded home equity funding program. Dr Joshua Funder, Chief Executive at Household Capital, says the review is an endorsement by the government of the importance […]
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28
Oct
2019
The family home could become a significant part of Australia’s retirement funding solution, after home equity was specifically included in the terms of reference for the federal government’s review of retirement income. The first major inquiry into Australia’s retirement savings system begins this week and the three–person independent panel has been tasked with identifying the role played by “voluntary savings, including home ownership” in Australia’s […]
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16
Oct
2019
Household Capital, an independent, specialist retirement funding provider has announced it has expanded its team with three key hires across marketing and technology. The first of these is Mario Garrido as Chief Marketing Officer. He joins Household Capital from AustralianSuper, where he was Head of Brand, Retention, & Direct Growth Strategy. His background includes consumer […]
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09
Oct
2019
Household Capital, an independent, specialist retirement funding provider, yesterday announced it will further reduce its interest rate, passing on today’s RBA rate cut in full. Household Capital has reduced its interest rate in line with each of the three RBA rates cut this year. Lowest rate for home equity access Household Capital’s innovative approach to […]
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02
Oct
2019
Household Capital, an independent, specialist retirement funding provider, and National Seniors Australia, the peak advocacy body for older Australians have announced a partnership. The two organisations have each recognised in the other a determination to improve the retirement outcomes for Australians. National Seniors is the voice of older Australians, fighting for a fair go in […]
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01
Oct
2019
Specialist retirement lender Household Capital has launched a new drawdown loan facility to provide Australian retirees with access to a regular income stream and a lump sum payment using the equity in their home. Unlike other schemes, including Centrelink’s Pension Loan Scheme (PLS) which provide regular income but no provision for lump sum payments, Australian […]
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27
Aug
2019
Australia’s retirement income policy has been traditionally framed as having three pillars: superannuation, non-superannuation savings and the Age Pension. However, for many Australian baby boomers these three pillars provide inadequate resources to fund 25+ years of retirement. Will the government’s revamp of its Centrelink Pension Loans Scheme (PLS) fill the void? Household Capital discusses the […]
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25
Jul
2019
Household Capital, an independent, specialist retirement funding provider, has announced it will again reduce the interest rate on its Household Loan in line with the RBA’s rate cut. Household Capital now offers the lowest rate to older Australians needing to access their home equity to improve their retirement funding. Lowest rate Household Capital’s innovative approach […]
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05
Jul
2019
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