SMSF administration businesses will not be made redundant as a result of the ongoing automation and technology developments in the SMSF sector.

New ATO figures shows no correlation of increased risk in SMSFs that hold very high balances compared to their Australian Prudential Regulation Authority (APRA) fund counterparts.

Cloud SMSF administration software provider Class has launched consolidated portfolios, designed as a single reporting system for both SMSFs and non-SMSF portfolios, which will result in a better perspective for investment decision-making.

The misconceptions surrounding the SMSF sector since inception have been gradually dismantled as the industry continues to mature and find its voice via greater collaboration between the government and regulators, as well as increasing levels of engagement among fund members.

Cloud SMSF administration software provider Class has unveiled its new mobile app, which gives SMSF trustees and other portfolio investors access to a detailed, up-to-date overview of their investment data on their smartphone.

GPS Wealth has announced the expansion of the capabilities on its cloud-based software, MoneyBowl, including calculators and modules that will assist SMSF accountants and financial planners.

SMSF administration provider Keep It Simple Super (KISS) has switched to BGL Corporate Solutions’ applications, Simple Fund 360 and CAS 360, for its administration software and compliance needs.

Class has posted an increase in its share of all SMSFs from 19.2 per cent to 21.7 per cent in the six months to 31 December 2016, based on an estimated total market of 589,000 SMSFs.

Count Financial chief executive David Lane last week announced his resignation to take up a group executive position at Perpetual Investments, commencing on 10 April.