Author: Equity Release Industry Council

 

Source: The benefits of getting a reverse mortgage

Source: Equity release helps first-time buyers – Mortgages – News | moneyfacts.co.uk

Source: The benefits of getting a reverse mortgage

How can we feel prepared for retirement?

With 66 per cent of Australians feeling unprepared for retirement, establishing clear, measurable and robust objectives for super is a must.
Only 15 per cent of Australians believe they are very well or fairly well prepared for retirement.

Those who use finance professionals are over three times more likely to feel very well or fairly well prepared for retirement.

MLC commissioned IPSOS to prepare a three-part whitepaper which, lifts the lid on how Australians are living their financial and social lives, creating financial security and preparing for retirement.

Source Download Report: Australia today

ASIC Warning:  Seniors’ finances at stake amid ageing population

The Equity Release Industry Council (ERIC) was recently established to protect Senior Australians who are seeking to release their Property Wealth in order to live well in retirement.

ERIC welcomes the timely warning issued by ASIC today and is committed to the development of an efficient and ethical Equity Release market in Australia.

ERIC exists to assist Senior Australians to better understand Equity Release products, including Reverse Mortgages and ensure the professional conduct of those that offer thes products.

More Information: eric.asn.au

The US Market continues to deliver solutions…

Source: Reverse mortgages: A personal look – Chicago Tribune

Video Link: No More Practice

The Australian Broadcasting Commission’s take on Reverse Mortgages:

Video Link: Check Out Reverse Mortgages

The Equity Release Industry Council (ERIC) exists to ensure the development of an efficient and ethical Equity Release market in Australia.

The following Key ERIC Executives are committed to raising the professional standard of Equity Release market practitioners:

                                           

Kevin Conlon                           Steven Brown                           Matthew Lock
M.App.Fin.                                 LLB. M.App.Fin.                         B.Bus. MBM.
Chief Executive                      Legal Practitioner                   Financial Adviser

The Equity Release Industry Council (ERIC) intends to encourage the development of an efficient and ethical equity release market in Australia in order to meet the retirement funding needs of Senior Australians.

Its primary objectives will be to deliver improved outcomes for:

• Consumers & Advisers
• Product Providers & Distributors
• Government & Financial Regulators

ERIC is to be established as a trusted source of reliable information on Equity Release strategies, in response to the recent and unexpected market withdrawal the Senior Australians Equity Release Association of Lenders (SEQUAL).

Kevin Conlon (immediate-past Chief Executive of SEQUAL), who is widely acknowledged as the architect and driving force of SEQUAL’s earlier success, has remained committed to the equity release market in Australia and will lead the Equity Release Industry Council.

Membership and Media Enquiries to: ceo@eric.asn.au