EPPARG welcomes 60plusbanken from Sweden as a new member
The European Pensions and Property Asset Release Group (EPPARG) is pleased to announce that 60plusbanken has joined EPPARG as a member.
60plusbanken is part of Bluestep Bank AB (publ) and was launched in Sweden in 2020. It offers tailor-made loan solutions for people over the age of 60 who own their home. Through the 60plus loan 60plusbanken helps customers access and use capital tied up in their property, in a safe and responsible way, without having to move. Bluestep Bank AB (publ) is the leading specialist mortgage bank in the Nordics, active in Sweden, Norway and Finland. Bluestep Bank AB (publ) is under the supervision of the Swedish Financial Supervisory Authority.
Speaking on behalf of EPPARG, Steve Kyle, Secretary General, commented:
“It is a pleasure to welcome 60plusbanken on board as a member of EPPARG. We are aware that the Swedish market for equity release is one of the most well-developed and sophisticated in Europe, and we note the positive growth achieved by 60plusbanken since its launch, despite the challenging economic context.”
“We look forward to engaging with 60plusbanken as we seek to continue to safely grow the European market for equity release, with Sweden as an example of how elderly customers can be effectively served and supported, and to strive for high standards and an appropriate regulatory regime for equity release solutions.”
Commenting on behalf of 60plusbanken, Sandra Lillienberg, Head of Equity Release, said:
“I look forward to contributing to nuancing the image of equity release through the important work of EPPARG. 60plusbanken, and equity release in general fills an important role in society for those excluded from a secure retirement through low incomes and safeguarding that more people can access capital that has been accumulated over a lifetime of hard work. The work of EPPARG is essential in spreading knowledge and allowing for these products to continue to grow, but responsibly and sustainably.”
EPPARG is the principal trade body representing the interests of home equity release providers in Europe. Countries with EPPARG representatives or associates make up over 75% of all the countries in Europe with a home equity release market.