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Class, ASAP unveil actuarial partnership

Class has announced the addition of actuarial certificate services from an existing partner, digital SMSF advice provider ASAP Advice.

The digital advice platform joins Accurium, Heffron, Act2, Haintz Actuarial, Lime Actuarial and Venus Actuarial as actuarial certificate providers for Class.

ASAP actuary Jim Hennington said providing actuarial certificates is a natural extension for the digital advice platform.

“Our three factor authentication system identifies potential scenario questions and automatically helps users resolve them before the order is finalised, rather than having to put the file down and wait for a call or email from the actuary,” Hennington said.

“This means less amendment work for accountants and more time for them to spend with their clients.”

SMSFs that pay a pension income stream and have an accumulation interest need actuarial certificates to determine what proportion of the fund’s income is exempt from tax.

Class chief executive Kevin Bungard said: “We’re delighted to include ASAP as our latest actuarial certificate provider.

“Supporting our partners and enabling them to offer additional services under the Class partner ecosystem is key to delivering additional solutions and driving efficiency for our customers.”

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