CHIP Home Income Plan Addresses Scotiabank's Couples Retirement Study

    TORONTO, Oct. 9 /CNW/ - The Couples Retirement Study issued today by
ScotiaBank reveals that while many Canadians don't sufficiently plan ahead for
retirement, more than half admit that financial security is one of their
biggest worries for retirement.
    According to Greg Bandler, CHIP's Senior Vice President of Sales &
Marketing, "Financial security is generally a great concern for seniors
contemplating or entering retirement. Often, individuals haven't planned ahead
for that time in their life, and find themselves struggling due to loss of
income, rather than enjoying their freedom. For over 20 years, CHIP has
provided Canada's seniors with a financial solution that gives them the
flexibility they need to achieve their goals. We encourage seniors to consult
their financial planner to determine if a CHIP Home Income Plan might help
them access the equity they have built up in their home, so they can enjoy
their retirement on their own terms, with their own savings."

    About Canadian Home Income Plan

    Canadian Home Income Plan is an established and leading provider of
simple and sensible financial solutions for seniors over 60 years of age.
Founded in 1986, CHIP has helped thousands of Canadians access the equity in
their homes to improve cash flow. Recognized as the industry leader in home
equity lending to seniors, CHIP has a well-established distribution network,
including national chartered banks, credit unions, mortgage brokers, and
investment and financial planning firms. CHIP is a wholly owned subsidiary of
Home Equity Trust (HOMEQ). HOMEQ is listed on the Toronto Stock Exchange (TSX)
under the symbol HEQ.UN.

For further information:

For further information: or to speak with a CHIP representative:
Stephanie Engel, Buket Oktem, MAVERICK Public Relations, (416) 640-5525, ext.
241, 223

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