2018 was marked with a change in risk appetite from the banks, with the largest financial institutions in Australia pulling back drastically (if not withdrawing altogether) from lending to self-managed super funds. Annie Kane assesses the lending landscape for SMSFs.
When you look back at the year 2018, many in the financial services sector will remember it as the year of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. The royal commission and, before it, the Productivity Commission’s review of competition in the Australian financial system dominated the headlines and gave way to a swathe of credit appetite changes among the banks. Among the changes that filtered through from the larger banks was a reduced appetite for self-managed super funds (SMSFs).
This content is available exclusively to The Adviser premium members.
To continue reading the rest of this article, please log in.
Annie Kane is the managing editor of Momentum's mortgage broking title, The Adviser.
As well as leading the editorial strategy, Annie writes news and features about the Australian broking industry, the mortgage market, financial regulation, fintechs and the wider lending landscape.
She is also the host of the Elite Broker, New Broker, Mortgage & Finance Leader, Women in Finance and In Focus podcasts and The Adviser Live webcasts.
Annie regularly emcees industry events and awards, such as the Better Business Summit, the Women in Finance Summit as well as other industry events.
Prior to joining The Adviser in 2016, Annie wrote for The GuardianAustralia and had a speciality in sustainability.
She has also had her work published in several leading consumer titles, including Elle (Australia) magazine, BBC Music, BBC History and Homes & Antiques magazines.
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Do you know which lenders are providing brokers and their customers with the best service?
Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!
Login
ISCOVER
JOIN THE DISCUSSION