Stuff Article 3 Sept 2022: Retirement village owners have come up with a package of “voluntary reforms” they hope will stave off the threat of government regulation.

It includes a crack-down on unfair terms in retirement village contracts, and on village operators who take too long to return capital to residents moving out of a village.

On August 10, village residents’ representative Nigel Matthews had MPs from Parliament’s Social Services and Community Committee play a game of “villageopoly” to highlight the need for a fairer deal for elderly village residents.

But Graham Wilkinson, president of the Retirement Villages Association (RVA), hit back at a hearing of the committee on Wednesday telling MPs the game of villageopoly had given them a “misleading and inaccurate portrayal of village living”.

Villageopoly was designed to highlight to MPs unfair terms in retirement village contracts, and Matthews said: “We stand by the game 100%.”

Retirement villages provide managed homes for retirees, and 50,000 older people now live in the 407 villages owned by RVA members.

To read the full article please click the following link;

https://www.stuff.co.nz/business/money/129763259/misleading-and-inaccurate-portrayal-of-village-living-retirement-village-owners-fight-back-in-battle-to-reform-sector

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