Specialist software company Class Financial Systems has developed the ability to provide automated actuarial certificate data transfers for self-managed superannuation fund (SMSF) trustees.
The company announced this week that it had launched the new service in an alliance with actuarial firm, Bendzulla Actuarial.
Commenting on the move, Class Super chief operating officer Kevin Bungard said the development allowed all parties involved in actuarial certificates to simplify many of the manual and routine tasks that currently dominate the actuarial certificate process for SMSFs.
He said the development allowed for faster SMSF administration.
“What is particularly unique about this solution is that it is the first in the market to offer real-time access to accountants, administrators, auditors and trustees,” Bungard said.
Bendzulla senior actuary Geoff Morley said the level of automation made SMSF administration more seamless and reduced the processing time.
