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Minnow KiwiSaver provider Simplicity growing well ahead of targets

Low-fee KiwiSaver fund has passed the $100 million mark in assets but is still a minnow in the $37 billion industry.

Fiona Rotherham
Wed, 29 Mar 2017

KiwiSaver provider Simplicity has passed the $100 million mark in assets 18 months ahead of its own targets.

The online-only fund launched last August operates on a non-profit basis with a single fee rate of 0.65% compared with an industry average of 1.34%.

Founder Sam Stubbs said the money

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Fiona Rotherham
Wed, 29 Mar 2017
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Minnow KiwiSaver provider Simplicity growing well ahead of targets
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