Credit advisers look to SMSFs
Reflecting the increasing interest in self-managed superannuation funds (SMSFs) being exhibited by mortgage brokers and credit advisers, the Mortgage and Finance Association (MFAA) has announced specific training programs.
The initiative was announced this week by MFAA chief executive Phil Naylor, who specifically referenced training programs "for credit advisers to extend their services into the fast-expanding SMSF sector with Limited Recourse Borrowing".
Announcing the move this week, Naylor said the training programs were a way for credit advisers to understand the growing sector of SMSF lending and deepen their relationship with clients.
"The programs provide our members with an opportunity to expand their scope of services, as more than more than 3000 SMSF are being established each month in Australia", he added.
The training program outlined by MFAA is aimed at providing credit advisers with an understanding of SMSF basics in up to 10 hours of online modules and assessments, with two more extensive programs being available, made up of 30 hours of online modules, exercises, assessments and workshops, "with status attained of MFAA Credit Adviser (SMSF) Accreditation".
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