Originally Posted by
percy
As we know Heartland's RELs in NZ have the backing of Consumer NZ.So no "bastards" or "underarm bowlers" in the team,which will position them well with Australian regulators.Most probably set the standard.
The Australian Government is letting retirees take out RELs,with the draw down being added to their weekly pension payments.So they are promoting RELs,but with no lump sum draw downs.This will add awareness to retirees of RELs, and will see the whole market for RELs grow substantially.
HBL Seniors, and other providers of RELs, offer lump sum draw downs,so I expect the market will expand for them.