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Simplicity - Latest News [Page 1]

Simplicity Announces Investment Into Tax Traders And Taxi

Tuesday, 26 March 2024, 9:53 am | Simplicity

Simplicity has announced its latest private equity investment, taking an 18.8% stake in the parent company of two tax technology companies, Tax Traders Limited and its latest startup venture, Taxi Limited. The investment will primarily support the development ... More >>

25,000 Home Target For New Simplicity Fund

Monday, 30 October 2023, 6:16 am | Simplicity

Default KiwiSaver and Investment fund manager Simplicity has launched a new fund focused on residential property sector investments. Its new Homes and Income Investment Fund aims to provide an alternative to traditional property and fixed income investors, ... More >>

Simplicity Living Buys Ellerslie Racecourse Land For 330 ‘Build To Rent’ Homes

Wednesday, 30 August 2023, 5:52 am | Simplicity

Simplicity Living announced today its purchase of 1.4 hectares of land in Remuera for a planned 330 Build to Rent homes. The site, adjacent to Ellerslie Racecourse, is a five-minute walk to Greenlane’s train station and retail shops. “The location ... More >>

Simplicity And First Credit Union Form ‘Rebel Alliance Of Finance’

Wednesday, 23 August 2023, 6:29 am | Simplicity

Simplicity, the nonprofit default KiwiSaver provider, and First Credit Union have today announced the signing of a strategic friendship agreement. The nonprofit financial services providers will collaborate to further their shared aims to provide better ... More >>

Simplicity Private Equity Fund Invests Into Kiwi Tax Tech Company DataTorque

Monday, 31 July 2023, 6:01 pm | Simplicity

Simplicity, New Zealand’s nonprofit KiwiSaver and Investment Fund manager, has announced that its Private Equity fund has taken a minority stake in Kiwi tax tech company DataTorque. This is the fund’s fourth direct investment in innovative Kiwi ... More >>

Simplicity Living Opens Second Build To Rent Residences In Auckland

Monday, 24 July 2023, 6:18 am | Simplicity

Simplicity Living, owned by investors in the Simplicity KiwiSaver Scheme and Investment Funds, has completed its second Build to Rent residences in Onehunga, Auckland. Named Oranga, it has 48 new homes of 1-3 bedrooms, with 10-year inflation linked rents ... More >>

Simplicity Living Begins Third Build To Rent Residence In Auckland

Thursday, 22 June 2023, 5:53 pm | Simplicity

Eighteen months after launching a major Build to Rent (BTR) programme, Simplicity Living has begun construction of its third residence, in Owairaka/Mount Albert. The 51 apartments will be available for long-term renting and follow our model of larger-than-normal ... More >>

In A Major Expansion, Simplicity Is Investing More In New Zealand Housing, Lowering Fund Charges And Launching New Funds

Monday, 1 May 2023, 5:42 am | Simplicity

Simplicity, the nonprofit KiwiSaver and investment fund manager, has announced a major expansion, by increasing investment in New Zealand unlisted assets, reducing annual fund charges and launching seven new funds. Increased investment in unlisted ... More >>

Simplicity Lowers KiwiSaver Fees, Criticises Excessive Industry Profits

Saturday, 11 March 2023, 5:13 am | Simplicity

KiwiSaver manager Simplicity today announced a 3.3% total fee cut across its Conservative, Balanced and Growth KiwiSaver funds and diversified investment funds. The new total fund charge will be 0.30%, effective 1 April. The fee cut is the fifth in five years. ... More >>

Simplicity Fires Fletcher Building, Establishes Own Plasterboard Supply Chain At 20-40% Lower Price

Thursday, 9 June 2022, 4:53 pm | Simplicity

Simplicity Living, owned by funds managed by default KiwiSaver provider Simplicity, has cancelled all orders for Fletcher Building supplied GIB board, and is directly importing high quality plasterboard for its build to rent homes. Standard GIB plasterboard ... More >>

Simplicity Foundation Donates Another $480,000 To Charity, And Appoints New Chair

Tuesday, 12 April 2022, 10:16 am | Simplicity

The Simplicity Foundation, a charity which owns 100% of KiwiSaver default provider Simplicity, has just donated $480,000 to the following charities: Trees That Count - $234,000 to plant an additional 36,000 native trees across the country. Upside ... More >>

Simplicity Cuts Membership Fees To $0 For All Products

Wednesday, 1 December 2021, 11:20 am | Simplicity

Simplicity, the nonprofit KiwiSaver provider, announced today that all members will no longer pay membership fees. The change applies immediately to all Simplicity funds. Previously, adult members paid a $20 a year membership fee. In the last five years, ... More >>

Simplicity Promises Further Disruption As Funds Reach $4 Billion

Tuesday, 9 November 2021, 2:25 pm | Simplicity

Simplicity, a nonprofit fund manager and default KiwiSaver provider has just reached $4 billion of funds under management, with over 75,000 members in its KiwiSaver and Investment Funds. Managing Director Sam Stubbs says this is “just the start” ... More >>

Simplicity And NZ Living Launch Major Build To Rent Housing Programme

Thursday, 4 November 2021, 6:30 am | Simplicity

Simplicity, a default KiwiSaver provider, announced today a significant build to rent housing programme, in cooperation with major home builder NZ Living. The long term intention is to build high quality, affordable homes for rent across New Zealand, ... More >>

Simplicity Sets Record Low 1.90% Floating Rate Mortgage

Thursday, 17 June 2021, 9:10 am | Simplicity

Default KiwiSaver providerSimplicity reduced its first home floating mortgage rate to 1.90% per annum today, a record low in New Zealand. The change, from 2.25% to 1.90%, marks the fifth rate decrease the nonprofit has made since launching its first ... More >>

Simplicity To Disrupt Finance Industry As New Default KiwiSaver Provider

Friday, 14 May 2021, 9:32 am | Simplicity

KiwiSaver Manager Simplicity has been awarded default status by the Government. The nonprofit will be one of six default managers from November 2021. “This is a huge validation of a social enterprise which started less than five years ago,” ... More >>

Simplicity Expands In Mortgages, Offering 2.25% Floating Rate To All First Home Buyers

Wednesday, 5 May 2021, 5:29 am | Simplicity

All first home buyers can now access a 2.25% floating home loan rate, the lowest in New Zealand, via Simplicity KiwiSaver Scheme. The floating rate was previously only available to existing Simplicity members who had been with the provider for ... More >>

Simplicity Ups Ante In Mortgage Wars, Accuses Big Banks Of Conflict Of Interest

Monday, 1 March 2021, 4:36 pm | Simplicity

Simplicity, New Zealand’s nonprofit KiwiSaver manager, has extended its 2.25% first home mortgage, the lowest floating rate in the market, to all its members. Previously balloted due to limited supply and high demand, the loans are now available ... More >>

Simplicity Calls For Change To Air New Zealand Executive Pay Scheme

Thursday, 12 November 2020, 10:21 am | Simplicity

Simplicity, New Zealand’s nonprofit KiwiSaver scheme, has written to the Air New Zealand Board regarding its executive compensation scheme, asking for it to be redesigned to better serve KiwiSaver shareholders. The Air New Zealand Board recently announced ... More >>

Simplicity Announces Funding For Youth And Environment Charities

Friday, 25 September 2020, 4:08 pm | Simplicity

Simplicity, the nonprofit KiwiSaver and Investment Fund manager which gives 15% of fees to the Simplicity Charitable Trust, today announced its biggest donations to date. Over $250,000 has been donated to five organisations across New Zealand, ... More >>





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