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