POWERED BY MOMENTUM MEDIA
Class Super reveals cloud-based SMSF solution
Class Super has launched a cloud-based self-managed super fund (SMSF) administration platform that can be used across computers, tablets and smartphones.
Announcing the launch at a luncheon in Sydney, Class Super said the application is the first fully featured browser-based application for SMSFs.
The application uses a new user interface (UI) that is adaptable to any screen size so that customers can access all the features using any web browser.
Customers can still use the existing Windows application.
“Most importantly, the browser-based UI is a complete, end-to-end SMSF solution,” Class Super CEO David Smith said.
“It provides access to all the features available in our popular Windows application including direct-connect data feeds, actuarial certificate integration, automatic property valuations, and support for bulk transactions, pensions, activity statements, tax lodgements directly to the ATO and client access.”
The application uses multi-tiered architecture and has about 45,000 funds at present.
Class Super used independent consultants for external assistance and spent the last five-to-six months on this project.
The new application was trialled by a preview group of six users. An induction group of 12 people will be previewing the platform next week.
The company plans to roll out the application for general use by early March.
Recommended for you
The impact of identity theft and its threat to superannuation savings were highlighted in a case that went before the Federal Court at the end of 2023.
A recent NSW Supreme Court decision is an important reminder that while super funds may be subject to restrictive superannuation and tax laws, in essence they are still a trust and subject to equitable and common law claims, says a legal expert.
New research from the University of Adelaide has found SMSFs outperformed APRA funds by more than 4 per cent in 2021–22.
The SMSF Association has made a number of policy recommendations for the superannuation sector in its pre-budget submission to the government.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
