Household Capital welcomes review of Government’s Pension Loans Scheme, calls for greater protection of seniors

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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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Family home recognised as third pillar of retirement funding by federal retirement income review launching this week 

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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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Household Capital expands its team

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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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Household Capital offers lowest rate reverse mortgage in Australia

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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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Household Capital partners with National Seniors Australia

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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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Household Capital unveils new drawdown loan facility providing more flexible income support in retirement

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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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CPD: The role of the Centrelink PLS in addressing Australia’s retirement funding challenge

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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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Household Capital passes on full RBA interest rate to improve retirement funding

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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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Revamped PLS welcomed by Household Capital

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Household Capital, an independent, specialist retirement funding provider, yesterday welcomed the federal government’s revamped Pension Loans Scheme (PLS). Dr Joshua Funder, Household Capital’s Chief Executive Officer, commented: “Australian retirees need better funding solutions.” “The PLS revamp sees the government acknowledge the critical role home equity can play in long-term funding retirement.” Living longer means new […]

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CPD: The fourth pillar of retirement funding

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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. Household Capital explains why it’s now time to include the fourth, and largest, pillar of retirement funding – […]

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