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.