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 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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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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UNSW Business School to examine reverse mortgages

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Researchers from UNSW Business School will investigate behavioural and other issues behind the low uptake of reverse mortgages in Australia. A reverse mortgage is a loan that enables homeowners to access their home equity; the homeowner can borrow without having to make repayments while living in the home. Home equity is typically the largest component […]

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Australia’s retirement funding challenge

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Australia is facing a major retirement funding challenge. We are living longer than ever, yet it’s becoming increasingly clear that many people don’t have enough superannuation to fund a comfortable retirement. Australia’s baby boomers are hitting retirement. Over the coming years, 5.5 million people born between 1946 and 1964 will retire; for many of those, […]

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Household Capital enters Australian retirement sector with innovative new retirement loan

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Household Capital, an independent, specialist retirement funding provider, has announced it has entered the Australian retirement sector with an innovative loan product that allows retirees to use equity in the family home to fund retirement expenses, enhance income or provide financial support to their children and other family members. Household Capital provides Australian home owners […]

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