Senior Trust retirement village offer gets a serve from the FMA

Senior Trust retirement village offer gets a serve from the FMA
Senior Trust lends on retirement villages such as Orewa Sands. (Image: Supplied)
Maria Slade
Investment provider Senior Trust is changing its operations after being rapped over the knuckles by the Financial Markets Authority for the way it funds dividends.Senior Trust raises money from investors and uses it to lend on small retirement village properties nationwide, offering returns of up to 8%.This week, the provider informed investors it had been in consultations with the Financial Markets Authority (FMA) since November last year.The returns it paid to them in 2023 and 2024 “considerably exceeded” the interest payments it...

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