Retirement enters a third age
In response to what it considers a lack of attractive retirement options for the ageing population, Mariner Financial has established a new division that will develop non-traditional, personal development-focused retirement solutions.
Mariner executive chairman Bill Ireland said the new division, Third-Age Retirement Living, would develop a global portfolio of retirement and aged-care assets and financial services that “provide freedom, dignity and choice”.
“Innovation in the retirement sector is long overdue. By 2057, one in four Australians is forecast to be over 60 years of age. The population is ageing and so are currently available senior living, care and investment alternatives.”
The new division, to be headed by Scott Marinchek, is inspired by the French term “Troisième Âge” (Third Age). Marinchek explained the term embodied the concept of lifelong learning and self-development.
“People work hard during their earlier years and deserve greater, not fewer, options in their later years. Market research confirms strong and growing demand for fresh individual, family and community retirement solutions.
“[The new division] aims to restore choice for people as they decide where and how they wish to live in their retirement.”
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