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

Cash still king for SMSF investors

Cash is still king for self-managed superannuation funds (SMSFs) but they are increasingly diversifying their investment portfolios, according to the ...more

Busoli re-enters SMSF space with strategic admin offering

David Busoli has re-entered self-managed superannuation fund (SMSF) space with the launch of his new business, SMSF Alliance, which aims to provide me...more

Ralston to chair SMSF Association

Financial services academic, Professor Deborah Ralston is the new chairperson of the SMSF Association.Ralston’s succeeds Andrew Gale in the role and...more



Add new comment