New appointee to Household Capital board

From

Household Capital, an independent, specialist retirement funding provider has announced that entrepreneur and technology specialist Danny Gorog will join its board of directors. Danny specialises in the development of mobile apps and digital platforms, as well as providing strategic advice to businesses. He is a founder, investor and currently CEO of Snap Send Solve, a

continue reading

Household Capital adds UK home equity market expertise to team

From

Household Capital, an independent, specialist retirement funding provider has announced it has expanded its team with the addition of key expertise in retirement funding customer operations. Jay Sewell has joined Household Capital from UK-based Age Partnership, a leading provider of home equity funding. Jay held the role of Head of Retirement Funding for eight years,

continue reading

Household Capital closes Series B financing with strategic investment from UK’s Legal & General

From

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 reading

Australians not feeling supported by the retirement funding system

From

Household 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

continue reading

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

From

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

continue reading

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

From

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

continue reading

Household Capital expands its team

From

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

continue reading

Household Capital offers lowest rate reverse mortgage in Australia

From

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

continue reading

Household Capital partners with National Seniors Australia

From

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

continue reading

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

From

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

continue reading