Stubbs responds to questions over new KiwiSaver fund
Sam Stubbs says the industry needs a shakeup. With special feature audio.
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.
Follow NBR on Facebook, Twitter, LinkedIn and Instagram for the latest news and free on-demand audio from NBR Radio.
NBR Radio
Tue, 02 Aug 2016
Tue, 02 Aug 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Stubbs responds to questions over new KiwiSaver fund
60402