Super fund members not interested in reverse mortgages
“We have conducted internal actuarial analysis of the retirement outcomes for home-owning versus non-homeowning retirees and referenced the different outcomes in our submission to the Retirement Income Review,” it said. “For this we used data about our members’ balances compared with the Association of Superannuation Funds of Australia (ASFA) Comfortable Standard for homeowners and non-homeowners. “These models are regularly updated.” “We conducted focus group surveys of members in 2016 to test, amongst other things, their interest in either equity release or reverse mortgag...
Source: moneymanagement.com.au