Banks just 'ticking the boxes' on reverse mortgages

September 14 2018 - 3:00pm
 TRANSPARENCY A MUST: ASIC deputy chairman Peter Kell.
TRANSPARENCY A MUST: ASIC deputy chairman Peter Kell.

Reverse mortgages, which have been touted as a great way for seniors to live well in their retirement years, may in fact be putting their financial security at risk, according to ASIC.