Stubbs responds to questions over new KiwiSaver fund
Sam Stubbs says the industry needs a shakeup. With special feature audio.
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The KiwiSaver industry has attracted its own “Uber moment” says the co-founder of Simplicity, a new not-for-profit fund aimed at slashing management fees.
Sam Stubbs says investors have been crying out for a lower-cost platform and the industry needs a shakeup.
“We are calling it the Uber moment. It’s the moment when a traditional lazy industry with very high profits suddenly gets a challenge from a completely new business model,” Mr Stubbs tells NBR Radio’s Andrew Patterson.
Mr Stubbs also addresses some of NBR readers’ own questions including how Simplicity differs from other low-cost passive funds such as Superlife.
His comments follow the launch of the new fund yesterday. See our earlier story here.
Click on the special feature audio tab to listen to the full interview.
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Tue, 02 Aug 2016
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Stubbs responds to questions over new KiwiSaver fund
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