Household Capital has purchased a home equity specialist expanding its funding offering to cover the government’s home equity access scheme.

Many retirees are not satisfied with their current circumstances while pre-retirees report they are not prepared for the end of their working lives.

Pre-retirees are growing more concerned their savings will not fully fund their retirement, but are unaware of what income products their super funds offer.

Budget changes to the income threshold for the Commonwealth Seniors Health Card may allow more self-funded retirees access to it.

The income threshold for the Commonwealth Seniors Health Card will increase, while deeming rates will be frozen as part of measures contained in the budget.

Longer lifespans and higher inflation may lead to retirees being caught short of income to fund the full term of their retirement.