Simplicity have renewed its fund administration services agreement with MMC.
This covers all its products, including KiwiSaver and investment funds. MMC will provide fund accounting, unit pricing and registry.
Simplicity are one of the three default providers MMC currently support with its KiwiSaver registry services, along with BNZ and Kiwi Wealth.
“With MMC, we are free to focus on what we do best; looking after our members and giving back to the community”, Simplicity co-founder and managing director Sam Stubbs says.
“We are one of New Zealand’s fastest growing KiwiSaver and fund providers, with a growth journey that has only just begun. MMC have played a pivotal role in our success from Day 1, and they are a key long term partner,” he says.
MMC manage the end-to-end onboarding of their new members and investors, value assets, handle complex reporting and tax obligations and ensure compliance with the latest regulations.
“Simplicity were the first client to adopt our KiwiSaver registry service. They have always been a vital innovation partner to MMC and we are excited to continue extending our relationship to deliver a positive impact to their KiwiSaver members,” MMC chief executive Vedran Babic says.
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