Simplicity the nonprofit known for being a low fee kiwi-saver, is announcing several new funds (non-kiwisaver) on monday.
Posted Mar 3, 2017, 8:46 PM UTC
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Check the simplicity website if it's them you're switching to, it's very easy, they do the work for you.
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You basically sign up through the new one and they sort it from there, usually.
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if they're just going to be offering vanguard indexes, why not just skip the middleman and invest straight with vanguard?
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Because you need about 100k to do it from NZ and avoid big brokerage and avoid exchange rate risk. Anything under 100k and you have to buy on market on the ASX in AU$.
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For those who don't want to open it, or it is blocked for some reason:
"Hi NAME
We are pleased to say that from April 3 we will have something available for you to invest into.
We have an announcement coming out on Monday morning via the major media (Stuff, NZ Herald, Radio NZ etc) and emails to members.
You will be able to register your interest in the new funds on line from Monday.
kind regards
The team at Simplicity"
I suggest you cross post this to /PersonalFinanceNZ
Already did :)