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Major bank backs call for changes to SMSF borrowing

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Australian Broker | 02 Apr 2015, 08:01 AM Agree 0
A major bank has backed a recommendation by the FSI to prohibit certain direct borrowing arrangements by superannuation funds
  • Rob | 02 Apr 2015, 09:00 AM Agree 0
    No surprise that a bank that doesn't understand LRBA's and doesn't offer them agrees to abolish them. Maybe they hope that this will stem the loss of clients to other lenders who have provided their clients LRBA's?
  • Vic Regional Broker | 02 Apr 2015, 11:35 AM Agree 0
    Really, the ANZ have really been serious about writing SMSF loans, so why not try and cut your competitors out of a profitable area of lending.
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