We’re lowering our fees – again!
As the nonprofit, low-fee KiwiSaver provider, our mission is to provide a better choice for Kiwis. We’re about making members wealthier, not lining shareholder pockets.
So we’ve just announced our 5th fee cut in 5 years. From 1 April, we’re lowering our total fund charge to 0.30% across our Conservative, Balanced and Growth KiwiSaver Funds and our diversified investment funds. Says Sam Stubbs, Simplicity MD: “Being a KiwiSaver manager involves huge economies of scale. Fee cuts in our industry should be frequent, but they aren’t.”
Simplicity believes in passing on the benefits of scale to our members – and we’re on track for further fee cuts in the future. Check out more details on our blog now!
Driven On The Akatarawa Rd Lately?
If so, its good to know you are still alive and reading this.
We have a function to go to over Christmas up that way and having heard a few hairy stories about the road, I went up there on Thursday to check it out. The road's ok, narrow and winding, but not much worse than a Wellington hill suburb. What was pretty scary was the behavior of other drivers. Three vehicles heading the other way at speed would have crashed into me if I hadn't been pulled off the road. I had pulled in to check the address when a truck came flying past, taking up all of the narrow road at speed. There is no way the driver would have been able to stop had they come around the corner immediately in front of me. The other two drivers came hurtling past as I had turned in to turn around and come back down the hill. They were also driving at speed and taking up most of the road. Coming back down I passed another car coming up and estimate that the safe speed to pass another car was about 30-35 kms.p.h. So, now we're thinking, do we go to the function or not.? Feels a bit like we're taking our life in our hands going up there. Drivers appear to be overconfident, and they are courting serious injury.
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