Simplicity NZ is among the independent KiwiSaver providers winning over new members primarily at the big banks’ expense, with a net inflow of $257.6 million from rival schemes in the March year.
The not-for-profit fund manager attracted $398.1 million of new funds to its low-cost scheme in the 12 months ended March 31, up from $276 million a year earlier, while losing $140.5 million to its riva...
