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Concern grows for 'risky' SMSF borrowing

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Australian Broker | 22 Dec 2014, 07:57 AM Agree 0
As the number of self-managed super funds continues to grow, so too may the concern over risky direct borrowing arrangements by superannuation funds
  • John from Geelong | 22 Dec 2014, 09:08 AM Agree 0
    I am nervous about the quality of assets acquired in SMSF lending, here are two solutions:

    Ban any advertising that a development is 'perfect for SMSL' (it is financial advice, after all) and limit LVRs to a lower level than currently permitted.

    I really like the Librty policy that property must be two years old.

  • George Peat | 22 Dec 2014, 11:05 AM Agree 0
    Its interesting that the negative hope create around the LRBA is from those who don't make commissions/earnings from this type of investments. Lets have a chat about how mismanagement of funds have created large losses for many Australians hoping to have something to retire on. Leave SMSF's alone. You have had decades to manage peoples funds and lets be honest the average Australian hasn't achieved much from this management.
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