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Simplicity features in top KiwiSaver schemes chosen by MPs

Published on 24/05/2024

MPs kiwisaver top choice

Who do New Zealand’s politicians trust with their retirement fund?


The Waikato Times has today reported on the number of politicians who currently have their KiwiSaver funds with various providers, and it it's great to see such a high proportion of MPs having chosen Simplicity to look after their money.


Simplicity's scheme currently has around a 4% share of the KiwiSaver market, which continues to grow. However it seems that this share is higher when it comes to the total number of MPs who are invested with Simplicity. Other schemes that were popular include those from ASB, AMP and Fisher Funds.


Hamilton East MP Ryan Hamilton was very complimentary when it came to explaining his reasons in choosing Simplicity: "I guess what put them apart to me was the low fees, which obviously over time is a more attractive proposition because the principle of compounding, and [thirdly] the social good they do. They give a percentage of profit back to charity and they're doing some really cool stuff in the space of rental housing.”


You can check out the more detailed breakdown via the Waikato Times article here.