Pension funds get to work

Self-directed pension funds are now being used to fund companies as viable types of loans, writes Gareth Naughton.

23rd June, 2012
Jeremy Mitchell, director of ITC Consulting: 'You can see double digit returns certainly.' Photo: David Kenna

Credit continues to be in short supply with business-owners across the country reporting difficulties in securing funding from the banks. Even companies that have been banking with institutions for more than 20 years are finding it difficult to source financing.

For start-ups, the situation is even more precarious with some banks refusing to open business accounts - let alone lend them the cash they need. Companies are looking elsewhere for the funding necessary to make their...

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