Ex-Tower CEO Sam Stubbs sets out to 'disrupt' high fees KiwiSaver plans

Sun, 31 Jul 2016

By Pattrick Smellie July 31 (BusinessDesk) - The former chief executive of KiwiSaver provider Tower, Sam Stubbs, is turning from gamekeeper to poacher with the launch of a new KiwiSaver fund that he says will charge fees at half the rate of most existing schemes and pledging to keep fees falling as the fund grows. Dubbed Simplicity, the online-only fund launches today but will not be open to the public for a few weeks of 'friends and family' users put the online-only investment fund through its paces, but Stubbs hopes to reach $500 millio...

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