St George and Asgard team up
Geoff Lloyd
St George is offering a new product enabling investors to gear in their self-managed superannuation funds (SMSF) to purchase both commercial and residential property.
The offering is a joint initiative of Asgard Wealth Solutions and St George’s Institutional and Business Bank (IBB).
Asgard group executive of wealth management Geoff Lloyd said gearing in super represents a fundamental shift in how investors can prepare for their retirement.
“[It] is especially significant for those who face a retirement savings gap,” he said.
St George said the new product will benefit investors by increasing the funds they have available for investment purposes and diversifying their investments.
The fund may also offer some tax benefits.
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