The Government retirement village watchdog is investigating owner/operator loans to residents but a sector chief says businesses are doing nothing wrong and only trying to help people.
Troy Churton, Commission for Financial Capability retirement villages national manager, said operators were offering loans to cover money for entry payments or for weekly village fees.
• Govt agency hits out at 'confusing' retirement village contracts, saying not even lawyers can understand them
• Premium - New barriers broken: Retirement village study reveals big changes, surprising new trends
• Premium - Retirement village in Whangārei to create more than 60 jobs