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.
Recommended for you
Iress has announced it will divest its superannuation business as the latest step in its transformation program, allowing it to focus on wealth management.
The corporate regulator has named its new chief executive, who is set to replace retiring interim CEO Greg Yanco in March.
Following the departure of its chief marketing officer last year, AMP has appointed a successor to take up the position with the appointment coming from the US.
The Financial Services Council has appointed Justine Earl-Smith as executive director for commercial partnerships and growth, a newly created role for the organisation.
