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Showing 1 - 10 of 62 results for "Home Equity"

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... determining these co-contributions, saying "encouraging older people to access their wealth, including superannuation and home equity release when appropriate, will enable them to make contributions for services to enjoy a dignified experience in aged ...

Advice reforms can solve retirement income challenges

KARREN VERGARA  |  FRIDAY, 9 FEB 2024
... broad frame is required to consider super alongside any sources of government support, income from part-time work and home equity to fund a dignified retirement," he said.

Changing retirement landscape needs regulatory framework: Actuaries Institute

CASSANDRA BALDINI  |  MONDAY, 4 DEC 2023
... future. It's time we gave more attention to additional sources of retirement income, such as part-time work and home equity, which would provide an additional two pillars to our existing three-pillar system," said Gale. "People are also often after ...

Pacific Equity Partners finances reverse mortgage lender

ANDREW MCKEAN  |  MONDAY, 14 AUG 2023
... $200,000. Yet, Household Capital also deemed Australian retirees "the wealthiest in the world", boasting a median home equity of over $800,000. Household Capital chair Nick Sherry said: "The wealth of baby boomers is mostly tied up in their home, and ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... $880,000 and national median is $705,000. All equity above $750,000 would be fairer, Grattan said. "The exclusion of most home equity means well-off households - provided their wealth is largely in the family home - can continue to qualify for the pension. ...

ASIC confirms advisers can offer home equity access guidance

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
ASIC has clarified that the Centrelink Home Equity Access Scheme isn't a credit product, allowing advisers to include it in retirement plans. Responding to an inquiry by Capital Advisory financial planner Michael Miller, ASIC said the operation of the ...

Household Capital acquires Pension Boost

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
Household Capital has acquired government home equity scheme specialist Pension Boost; endeavoring to become the leading provider of home equity access in 2023. Pension Boost assists retirees in accessing the Home Equity Access Scheme with Centrelink. ...

Small wins for some pensioners

CASSANDRA BALDINI  |  WEDNESDAY, 26 OCT 2022
... outside for your retirement will be clearer," Knox said. "Again, we are likely to see more people over time, use the home equity arrangement to fund their retirement so there is another component of the system which the retirement income review talks ...

Household Capital partners with Genworth

ANDREW MCKEAN  |  WEDNESDAY, 19 OCT 2022
Genworth Financial Mortgage Insurance has taken a 22% stake in home equity retirement funding provider Household Capital, concluding a $37.6 million series C capital raise. Speaking to Financial Standard, Household Capital chief executive Joshua Funder ...

Retired Aussies deserve more: Household Capital

CHLOE WALKER  |  TUESDAY, 26 APR 2022
... inadequate to fund long and active retirement." He said Australian retirees have already saved over $1 trillion in home equity which could transform retirement outcomes. In 2019, the Retirement Income Review declared home equity the third pillar of Australian ...
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