Questus launches super warrant
Self-managed superannuation funds will soon be able to leverage residential and commercial property to provide a secure, low risk investment opportunity using a new super warrant released by financial services group Questus.
Commenting on the launch, Questus executive chairman David Somerville said the product has the backing of major lenders, which have approved facilities for the Questus Super Warrant with gearing up to 75 per cent.
“This is an extremely exciting time for Questus as we expect strong interest from the self-managed super fund sector.
“It places the company in a strong position to take advantage of the Federal Government’s mandate to make superannuation more attractive as a long-term savings vehicle,” he said.
The product structure only allows property as the asset for investment as opposed to other potentially less secure assets available for consideration under new Australian Taxation Office guidelines.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
