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12 Dec 2024 14:44
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  •   Home > News > Politics

    KiwiSaver provider Simplicity say the devil's in the detail of a Kiwibank investment opportunity

    KiwiSaver provider Simplicity say the devil's in the detail of a Kiwibank investment opportunity


    The Commerce Commission's found the sector lacks competition - and is dominated by the big four Australian players.

    The Government says it'll look for up to 500-million-dollars - from parties interesting in putting money into Kiwibank, to drive competition.

    Co-founder Sam Stubbs says banks are typically a good investment.

    He says it depends on how much they're raising, what the price is and whether or not you can sell your stake.

    Stubbs says in principle, it should be a pretty attractive investment.

    © 2024 Newstalk ZB, NZCity

     Other Politics News
     12 Dec: Labour's Maori Affairs spokesperson is accusing the Government of dishing out continued blows against Maori
     12 Dec: An increase in Greater Christchurch bus fares has been confirmed by the regional council
     12 Dec: Questions raised over the Government's approach to progressing the fast-track legislation
     11 Dec: The Government's open to private sector involvement in replacing the ageing Interislander ferries
     11 Dec: David Seymour is promising the Government will fight to make civil servants return to the office
     11 Dec: The Government's giving no clues on what it'll spend on replacing the aged-out Interislander ferries
     11 Dec: Ukraine peace talks could happen in next few months, Polish Prime Minister Tusk says
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