KPMG selects Class for SMSF provisions

KPMG is entering a partnership agreement with self-managed superannuation funds (SMSF) software provider Class, looking to leverage new potential for growth in its SMSF administration business and business advisory group.

The agreement would see the use of Class Super for KPMG’s SMSF administration business, whilst the Class Portfolio offering would be utilised by the accounting firm’s business advisory group.

Class chief executive Kevin Bungard said KPMG’s selection of the providers software would assist in the firm meeting the new transfer balance account report (TBAR) provisions.

Related News:

“Accountants still using desktop software or manual methods need to put in place a system to enable them to cope with TBAR,” he said.

“An automated solution to SMSF administration is no longer a nice-to-have, it has become a necessity.”




Related Content

Australia takes the lead on fintech

Australian institutions are moving faster than their international counterparts in implementing effective fintech strategies, developing capabilities ...more

Call for company fiduciary duty on climate change rises

Financial regulators are warning that failure to manage climate risks in the economy will result in lost investors, and are increasingly calling for c...more

New CCIV regime might help improve competitiveness of Aussie funds

The new corporate collective investment vehicle (CCIV) regime, that was proposed by the Federal Government, might help improve the international compe...more

Author

Comments

Add new comment