A residential compound in Shanghai. Under the scheme, people over 60 can use their homes as collateral in return for a fixed monthly payment from the insurer. Photo: Reuters

Few takers for China’s home-backed pension scheme

Lack of interest in reverse-mortgage programme blamed on traditional beliefs and rising prices

Topic |   Ageing society

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A residential compound in Shanghai. Under the scheme, people over 60 can use their homes as collateral in return for a fixed monthly payment from the insurer. Photo: Reuters
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