Class announces new product integration
SMSF software provider Class has announced an integration with peer-to-peer lender RateSetter.
The new feature will enable users to directly receive RateSetter’s data feeds, allowing Class users to process transactions and view daily automated data entry.
It is a significant partnership considering the fact that 20 per cent of RateSetter’s $50 million in loans are from SMSFs.
“Given the historical low cash rates and ongoing uncertainty in world markets, there is a real shift in where SMSFs are looking to invest,” RateSetter head of business development Andrew Jones said.
“We expect to see continued growth from self-managed investors seeking stable, attractive returns.”
CEO of Class Kevin Bungard said the partnership demonstrates the growing desire of SMSFs to innovate.
“The RateSetter experience has shown that a significant percentage of SMSFs, which typically comprise older age groups, are very much on board with the concept, and [are] keen to embrace innovation.”
Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.
Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates. Miranda has also directed SMSF Adviser's print publication for several years.
Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.