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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).
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