Live long... Live Well

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Live Long... Live Well!

<b>Media Release:</b><b><br>Australian Equity Release Industry Body “retires” citing Market Failure.</b>Sydney, Australia. Wednesday 28th March, 2018.<p><b>The Equity</b> …

Family homes could ease longevity risk fears

<b>Retirees who own their family home should not fear longevity risk, according to equity release provider Homesafe.</b><p>Longevity risk concerns plagued …

How to qualify for the downsizer contribution

With the passing of the downsizer superannuation contribution (DSC) legislation in December 2017, a new weapon was added to the arsenal of financial …

Homeowners release record £3 billion equity in 2017

Equity release lending broke through the £3 billion barrier in 2017, the first time this has ever happened in a single year.<p>Latest figures from the Equity Release Council, the trade body for the equity release sector, show that a total of £3.06 billion of equity was released by older homeowners …

How to help kids financially without a severe impact on your retirement savings

Family gatherings at this time of year may trigger talk of early inheritance or financial assistance with upcoming expenses. But, as they say on the …

Personal Finance

Canstar 2018 - Provider of the Year - Reverse Mortgages

16 January 2018<p>Heartland Announced Canstar 2018 Reverse Mortgage Provider of the Year<p>I am pleased to announce that Heartland Seniors Finance has won …

Mortgages

An attorney’s guide to safeguards against elder abuse

The Australian Law Reform Commission report <i>Elder Abuse – A National Legal Response</i> recommended the adoption of national safeguards to minimise the …

4.6.5.90 Assessing Home Equity Conversion Loans

Summary<p>The first $40,000 of an unspent home equity conversion loan is an exempt asset (1.1.E.170) for 90 days ONLY. IF after 90 days a person has not …

Finance

The future of equity release

<b>On Friday 13 October, the IFoA Equity Release Working Party (ERWP) held a roundtable event at Staple Inn, London.</b> The event aimed to get input on the …

Long-Term Care

Wishing you a Happy & Healthy New Year…

John Lennon

The good, the bad and the unexpected lives of UK pensioners

If you’ve ever wished that you could retire early, ditch the 9 to 5 and enjoy your freedom, you could be in for a few surprises. In 2017 we spoke …

ERC wants FCA clarity over retirement interest-only loans

The Equity Release Council has called for more clarity from the FCA on proposals to bring back retirement interest-only mortgages.Earlier this year …

Boomers Know How…

‪The Financial Capability of the Baby Boomer generation should not be underestimated.<p>Cohort differences can sabotage studies by potentially …

DownSizing: Movers, Planners and Stayers.

Downsizing off agenda for 40 per cent of seniors

Home is where the heart is, and for more than 40 percent of older Australians, it determines where they live in retirement.<p>A new research report from …

Retirement strategies in the UK and Down Under: lessons for SA

A few years after “pensions freedom reform” (the 2015 legislation that gave British retirees the flexibility to decide what to do with their …

Why are super funds ignoring the private debt market?

There is a puzzle in Australian super funds' asset-allocation decisions. The private debt market dominated by the big banks is 1.4 times the size of …

How to do the right thing about elder abuse

Financial planners must learn how to recognise potential signs their elderly clients are being abused, and develop robust processes and systems for …

Facilitators of Aging in Place

12 September 2017<p>"Aging in place” is a term broadly used to describe a person living in their preferred residence as they age. For most Australians …

Video message to the Financial Services Council’s Retirement Income Products Conference | The Hon Kelly O’Dwyer MP

Hello to everyone gathered in Sydney for the Financial Services Council's Retirement Income Products Conference.<p>I apologise that I can't be there in …

Equity Release lending up 44% to £824m in third quarter

Over-55s withdrew a total of £824m of property wealth from their homes through equity release plans during the third quarter of 2017 - up 44% on last …

Equity Release Booming in the UK

Reverse Mortgages

Reverse mortgages can be useful, but take care

Homeowners considering a reverse mortgage need an informed assessment of the benefits and pitfalls. CPA Australia’s Third Age Network has prepared a …

DomaCom and ASIC reach agreement on retirement products | Financial Standard

Most Australians’ savings won’t last a lifetime

More than 60 per cent of retirees face a looming crisis of running out of money before they die, with the Turnbull government on notice to encourage …

Retirement

How can reverse mortgages help Aussies age at home?

Recent research from the <i>Journal of Housing For the Elderly</i> reveals that while 75 per cent of Aussie pre-retirees in 1994 expressed a preference for …