12 Jul 2019

Retirement villages confusing contracts

From The Panel, 4:09 pm on 12 July 2019

The Commission for Financial Capability has taken aim at what they say are confusing retirement village contracts. The Commission says that residents often ended up paying anywhere from $20 - $100 extra unexpected and unaffordable fees daily fees. John Collyns of the Retirement Villages Association agrees there needs to be greater transparency.