Class Ltd saw record March quarter account growth, adding 6,102 accounts to its Class Super and Class Portfolio products – taking the total to 164,255, according to its quarterly shareholder update.
4,885 of the account growth was for Class Super, which had 158,938 accounts at the end of the quarter.
“This growth was helped by clients who signed up under the Q2 ‘Better move’ campaign and continue to load their SMSFs onto Class Super,” said Class.
The announcement to the market said AMP continues to migrate accounts off of Class. At the end of the March quarter AMP had around 8,800 SMSFs still on Class, which says account growth would have been around 7,000 for the quarter “were it not for AMP’s migration”.