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Simplicity open for business

New low-fee KiwiSaver provider Simplicity has started accepting enrolments.

Wednesday, September 14th 2016, 10:59AM

"The platform has been thoroughly tested, and has passed with flying colours. It’s now fully functioning, industrial strength and ready to make Kiwis richer in retirement," said managing director Sam Stubbs.

He said customer demand had been strong.

"We’ve already reached our 12 month targets. Thousands have registered interest, and we are now making Simplicity fully available to them’," he said.

Simplicity has been appointed by power company Genesis Energy as a preferred supplier, and is being recommended by two financial provider networks.



Simplicity is also a finalist in the NZ Innovation Awards.

"We are delighted to have been recognised for our 100% online, lowest cost, nonprofit model, which could make the average KiwiSaver $65,000 richer in retirement. See our website for the calculations and assumptions," Stubbs said.

Tags: KiwiSaver Simplicity

« KiwiSaver puts squeeze onHawes and Forsyth Barr launch 'Summer' KiwiSaver »

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 3.34 - - -
AIA - Go Home Loans 5.89 4.59 5.09 5.39
ANZ 5.79 5.29 5.89 6.09
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 4.69 5.29 5.49
ASB Bank 5.79 4.59 5.09 5.39
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Avanti Finance - Near Prime 6.35 - - -
Avanti Finance - Specialised 7.45 - - -
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Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 5.94 - - -
BNZ - Rapid Repay 5.94 - - -
BNZ - Std 5.84 ▲4.65 ▲5.09 5.29
BNZ - TotalMoney 5.94 - - -
CFML 321 Loans 3.95 - - -
CFML Home Loans 6.05 - - -
CFML Prime Loans 6.25 - - -
CFML Standard Loans 6.95 - - -
China Construction Bank 6.44 4.85 4.95 4.95
China Construction Bank Special 6.44 5.85 5.95 5.95
Co-operative Bank - First Home Special - ▲4.55 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 4.99 ▲4.65 ▲5.29 ▲5.49
Co-operative Bank - Standard 4.99 ▲5.15 ▲5.79 ▲5.99
Credit Union Auckland 7.70 - - -
First Credit Union Special - 4.89 5.49 -
First Credit Union Standard 6.49 5.29 5.89 -
Heartland Bank - Online 5.30 5.89 - -
Heartland Bank - Reverse Mortgage 7.99 - - -
Heretaunga Building Society 6.50 5.50 5.65 -
ICBC 5.39 4.49 4.89 5.15
Kainga Ora 5.79 4.59 4.95 5.19
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank ▼5.65 ▼5.39 5.79 ▼6.05
Kiwibank - Offset 5.65 - - -
Kiwibank Special ▼5.65 ▼4.49 4.89 ▼5.25
Liberty 6.65 6.55 6.22 6.20
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Pepper Money Prime 5.99 - - -
Pepper Money Specialist 8.00 - - -
SBS Bank 5.84 5.09 5.69 5.75
SBS Bank Special - 4.49 5.09 5.15
SBS Construction lending for FHB 3.74 - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 3.29 3.99 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 7.99 - - -
TSB Bank 6.59 5.29 5.89 6.09
TSB Special 5.79 4.49 5.09 5.29
Unity First Home Buyer special - 3.95 - -
Unity Special 5.79 ▲4.59 ▲5.09 -
Unity Standard 5.79 ▲5.39 ▲5.85 -
Wairarapa Building Society 6.15 4.79 5.19 -
Westpac 5.89 ▲5.29 5.79 5.89
Westpac Choices Everyday 5.99 - - -
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Westpac Offset 5.89 - - -
Westpac Special - ▲4.69 5.19 5.29
Median 5.94 4.69 5.29 5.39

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