SMSF investors are expressing strong interest in peer-to-peer (P2P) lending, with more than 25 per cent of the loans facilitated through one peer-to-peer lender funded by SMSFs.
RateSetter reported that more than 600 loans worth a total of $10 million have now been facilitated through the platform since it was launched in November 2014, with SMSFs providing the funds for 25 per cent of these loans.
The lending platform said it is experiencing increased interest from lenders, with registrations up 50 per cent over the past three months, especially among SMSF investors.
RateSetter chief executive Daniel Foggo said that in just 10 months, the platform has received $220 million in loan enquires and has attracted over 1,500 Australian investors.
“We think with interest rates at record lows, and returns on our platform of up to 10 per cent, RateSetter is an attractive option for everyday investors looking for better yield,” said Mr Foggo.
“We have benefited from being the only P2P platform licensed by ASIC to accept retail investors. Our investment in forging the path with ASIC towards opening up P2P lending to all Australians has paid off.”
SUBSCRIBE TO THE SMSF ADVISER BULLETIN
- 20 Sep 2017‘Execution only’ approach with SMSFs high-risk for accountantsBy Miranda Brownlee
- 20 Sep 2017Super saver scheme to benefit wealthy, says consultantBy Miranda Brownlee
- 19 Sep 2017Government rules out tax cut for family trustsBy Lara Bullock
- 19 Sep 2017Government likely to review licensing regime, consultant predictsBy Miranda Brownlee
- 18 Sep 2017Sluggish wage growth ‘undermining super savings’By Lucy Dean
- 18 Sep 2017SMSFs facing weaker investment outlook, report revealsBy Staff Reporter
- view all
- ‘Execution only’ approach with SMSFs high-risk for accountants
An industry lawyer has warned the unlicensed accounting firms recently contacted by ASIC that justifying the provision of services without a...read more
- Super saver scheme to benefit wealthy, says consultant
One consultant expects that wealthy Australians will gain the most advantage from the First Home Super Saver Scheme while the overall take-u...read more
- Government likely to review licensing regime, consultant predicts
Given the ongoing cost and complexity of the licensing regime for accountants, one consultant believes the government may have to review and...read more
- view all