Simplicity - Latest News [Page 1]

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 >>

Eat My Lunch Founder, Lisa King, Joins Simplicity

Thursday, 10 September 2020, 4:40 pm | Simplicity

Lisa King, founder of Eat My Lunch and a New Zealander of the Year finalist, has joined Simplicity, New Zealand’s nonprofit, and overall best performing, KiwiSaver manager. Lisa King As Consulting Brand Director, she will focus on growing the Simplicity ... More >>

Simplicity Extends Ethical Investing To Include Human Rights, The Environment And Corruption.

Wednesday, 26 August 2020, 3:34 pm | Simplicity

Nonprofit KiwiSaver provider Simplicity announced today that it was extending the companies it would not invest in to those violating UN protocols on Human Rights, the Environment, Labour Rights and Anti-Corruption. The exemptions will apply to ... More >>

Simplicity Offers Record Low 2.25% Mortgage, And Predicts Rates Will Go Lower

Thursday, 20 August 2020, 9:08 am | Simplicity

Simplicity, New Zealand’s lowest cost mortgage lender and KiwiSaver manager, reduced its floating mortgage rate for first home buyers to 2.25% today. This is lower than any mortgage, fixed or floating, provided by any bank. “Mortgages appear to be ... More >>

Simplicity Charitable Donations Reach $1Million, With Major Native Tree Planting Programme Announced

Thursday, 25 June 2020, 4:02 pm | Simplicity

Simplicity, the nonprofit KiwiSaver and Investment Fund manager which gives 15% of fees to the Simplicity Charitable Trust, announced that it had now given over a million dollars in donations since its inception three years ago. It also announced ... More >>

Simplicity Beats Banks, Moves To A 2.5% Floating Rate For First Home Loans

Wednesday, 27 May 2020, 10:37 am | Simplicity

Nonprofit Simplicity announced today it has lowered its floating rate mortgage to 2.5%, setting a scorching new low in an increasingly competitive lending market. Managing director Sam Stubbs said the reduction from 2.8% was a reflection of the ... More >>

Justin Lester, ex Wellington Mayor, joins Simplicity

Monday, 27 January 2020, 10:07 am | Simplicity

Simplicity, NZ’s fastest-growing KiwiSaver plan, today announced a new addition to its growing team. More >>

Simplicity produces first KiwiSaver document in Te Reo

Tuesday, 3 December 2019, 9:26 am | Simplicity

In a first for the KiwiSaver industry, nonprofit Simplicity has published the country’s first bilingual Product Disclosure Statement (PDS), the key public document for all KiwiSaver funds. More >>

Simplicity enters mortgage lending with 2.95% home loans

Thursday, 3 October 2019, 8:55 am | Simplicity

Simplicity, NZ’s fastest-growing KiwiSaver plan, today announced it would provide NZ’s lowest cost home loans to Simplicity’s first home buyers. More >>

Simplicity reaches $1B with best in class fund returns

Thursday, 1 August 2019, 9:37 am | Simplicity

Not-for-profit KiwiSaver and investment fund manager Simplicity reached $1 billion in total assets under management this week. This has been achieved in under three years, and almost two years ahead of schedule. More >>

Survey shows NZ businesses trail individuals in generosity

Thursday, 16 May 2019, 10:06 am | Simplicity

New research from nonprofit KiwiSaver manager Simplicity shows NZ companies give much less to charity than equivalent companies overseas. More >>

Research exposes wildly different kiwisaver projections

Tuesday, 7 May 2019, 9:22 am | Simplicity

Simplicity today released a research paper showing up to a $1m difference in projections of KiwiSaver members future wealth, using the same assumptions. More >>

Simplicity announces new board members

Thursday, 28 March 2019, 10:01 am | Simplicity

Simplicity, NZ’s fastest growing KiwiSaver scheme, today announced the appointment of two new independent directors, and a future director, to support its growth. More >>

Aussie Bank Profit Clock’ launches

Wednesday, 6 March 2019, 11:38 am | Simplicity

Simplicity today launched an ‘Aussie Bank Profit Clock’, which gives a live estimate of the profits of Australian owned banks operating in New Zealand. More >>

CGT clarification shows Kiwisaver gains for lower earners

Tuesday, 26 February 2019, 2:03 pm | Simplicity

Clarification on the benefits of increased Member Tax Credits has led Simplicity to revise its estimates. Simplicity interpreted the wording of the final report as meaning that a 75c tax credit for every $1 contributed would apply, up to the current ... More >>