Class Super records strong growth

Cloud-based SMSF software provider, Class, announced this week it had achieved a record increase in the number of accounts administered on its software last financial year.

The company announced it had added a record 31,503 accounts in the 12 months to 30 June 2017, passing a milestone 140,000 SMSFs during the June 2017 quarter, meaning that its market share rose from 19 per cent to 24 per cent.

Commenting on the achievement, Class chief executive, Kevin Bungard said the strong growth highlighted the success of Class in winning new business from accountants moving from legacy desktop software to the cloud.

“The super reforms, especially the need for real time reporting, are continuing to drive increased interest in system automation,” Bungard said.

Related Content

Property stunts SMSF performance indices

A heavier allocation to property that the benchmark SG360 default index saw the SG360 reference index underperform it by 0.3 per cent in the 12 months...more

Super changes may impact SMSF members’ estate planning

Changes to superannuation rules mean that receiving a pension on the death of a spouse may cause members of self-managed superannuation funds (SMSFs) ...more

BT moves accountants onto cloud to improve SMSF services

BT Financial group has announced a partnership with software provider BGL Corporate Solutions, in a move that it hopes will help accountants make the ...more



Add new comment