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Simplicity
We're here to make Kiwis richer and smarter with money.
Simplicity is a non profit fund manager and Kiwisaver provider, owned by Simplicity Charitable Trust. Everything we do is for the explicit benefit of our members. We believe that money = choices = dignity.
Simplicity - Latest News [Page 1]
Simplicity Private Equity Fund Buys 35.9% Of Stabicraft
Tuesday, 12 November 2024, 3:00 pm | Simplicity
The acquisition is the seventh for the Private Equity Fund, which invests in successful privately-owned New Zealand businesses. More >>
Shamubeel Eaqub Joins Simplicity As Chief Economist
Monday, 21 October 2024, 9:13 am | Simplicity
Shamubeel will be joined by economist and policy researcher Rosie Collins. They will be focused on areas of economics and policy that are of interest to Simplicity in its role as a fund manager. More >>
Simplicity Living Opens Third Built To Rent Development - On Time And Under Budget
Wednesday, 29 May 2024, 5:29 am | Simplicity
The 51 homes were built in 12 months, at least 30% below average build costs, and well in excess of the building code. More >>
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 >>
