{"id":1666,"date":"2021-10-18T07:30:00","date_gmt":"2021-10-17T18:30:00","guid":{"rendered":"https:\/\/www.mmcnz.co.nz\/?p=1666"},"modified":"2021-10-18T08:08:50","modified_gmt":"2021-10-17T19:08:50","slug":"simplicity-cement-long-term-relationship-with-mmc","status":"publish","type":"post","link":"https:\/\/www.mmcnz.co.nz\/simplicity-cement-long-term-relationship-with-mmc\/","title":{"rendered":"Simplicity cement long term relationship with MMC"},"content":{"rendered":"\n<p>MMC, New Zealand\u2019s leading provider of investment administration services, today announced that Simplicity have renewed their <a href=\"https:\/\/www.mmcnz.co.nz\/fund-administration\/\" target=\"_blank\" rel=\"noreferrer noopener\">fund administration services<\/a> agreement with MMC.<\/p>\n\n\n\n<p>This covers all their products, including KiwiSaver and investment funds. MMC will provide fund accounting, unit pricing and registry.<\/p>\n\n\n\n<p>\u201cWe are excited to renew our long-standing partnership and to congratulate Simplicity on becoming one of the two new recently appointed default KiwiSaver providers. They are one of the three default providers we currently support with our KiwiSaver registry services, along with BNZ and Kiwi Wealth\u201d, says Vedran Babic, CEO at MMC.<\/p>\n\n\n\n<p>MMC and Simplicity have enjoyed a strong partnership since Simplicity\u2019s inception in 2016. They have relied on MMC\u2019s cloud enabled platform to scale their business in line with growth, knowing that their data is secure.<\/p>\n\n\n\n<p>\u201cWith MMC, we are free to focus on what we do best; looking after our members and giving back to the community\u201d, explains Sam Stubbs, Co-Founder and Managing Director at Simplicity.<\/p>\n\n\n\n<p>\u201cWe are one of New Zealand\u2019s fastest growing KiwiSaver and fund providers, with a growth journey that has only just begun. MMC have played a pivotal role in our success from Day 1, and they are a key long term partner,\u201d he says.<\/p>\n\n\n\n<p>\u201cIt\u2019s fair to say that without their support, we wouldn\u2019t be in business,\u201d he continues.<\/p>\n\n\n\n<p>\u201cThey understand our business and needs, and they own and control quality technology solutions, built for the NZ market,\u201d Stubbs says.<\/p>\n\n\n\n<p>\u201cAnd most importantly, they are lovely people,\u201d adds Stubbs.<\/p>\n\n\n\n<p>MMC manage the end-to-end onboarding of their new members and investors, value assets, handle complex reporting and tax obligations and ensure compliance with the latest regulations.<\/p>\n\n\n\n<p>\u201cSimplicity were the first client to adopt our KiwiSaver registry service. They have always been a vital innovation partner to MMC and we are excited to continue extending our relationship to deliver a positive impact to their KiwiSaver members,\u201d says Babic.<\/p>\n\n\n\n<p>The first of December marks the beginning of the transfer of members and assets to the newly appointed six default KiwiSaver providers, a process estimated to take around two months. Four out of the six default providers are MMC clients.<\/p>\n\n\n\n<p>&lt;ends&gt;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>For further information, please contact:<\/strong><\/p>\n\n\n\n<p>Christina Bendall, Chief Marketing Officer<br>Email:&nbsp;cbendall@mmcnz.co.nz<br><br><\/p>\n\n\n\n<p><strong>About MMC<\/strong><\/p>\n\n\n\n<p>Behind the scenes powering their clients\u2019 success is where MMC are at their happiest.<\/p>\n\n\n\n<p>Since 2005, MMC have provided outsourced investment administration services to the New Zealand investment sector.<\/p>\n\n\n\n<p>Auckland-based MMC now have over 160 staff and administers combined funds of around $100 billion for approximately 100 clients who range from investment managers to product providers and groups of investment professionals.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>About Simplicity<\/strong><\/p>\n\n\n\n<p>Simplicity is a non-profit fund manager, owned by the Simplicity Charitable trust. 15% of Simplicity\u2019s fees goes to the Simplicity Charitable Trust. The more Simplicity grow, the more they can give. Simplicity invest with a conscience. They do not make money from companies that cause harm. It is good for returns too.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MMC and Simplicity renew long-standing partnership for fund administration and default KiwiSaver registry services. <\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"content-type":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Simplicity cement long term relationship with MMC - Apex NZ<\/title>\n<meta name=\"description\" content=\"Simplicity have renewed their fund administration services agreement with MMC. This covers both KiwiSaver and investment funds. MMC will provide services for fund accounting, unit pricing and registry. MMC provide operational services to four of the newly appointed default KiwiSaver providers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mmcnz.co.nz\/simplicity-cement-long-term-relationship-with-mmc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Simplicity cement long term relationship with MMC - Apex NZ\" \/>\n<meta property=\"og:description\" content=\"Simplicity have renewed their fund administration services agreement with MMC. This covers both KiwiSaver and investment funds. MMC will provide services for fund accounting, unit pricing and registry. MMC provide operational services to four of the newly appointed default KiwiSaver providers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mmcnz.co.nz\/simplicity-cement-long-term-relationship-with-mmc\/\" \/>\n<meta property=\"og:site_name\" content=\"Apex NZ\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-17T18:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-17T19:08:50+00:00\" \/>\n<meta name=\"author\" content=\"Christina Bendall\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christina Bendall\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.mmcnz.co.nz\/simplicity-cement-long-term-relationship-with-mmc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.mmcnz.co.nz\/simplicity-cement-long-term-relationship-with-mmc\/\"},\"author\":{\"name\":\"Christina Bendall\",\"@id\":\"https:\/\/www.mmcnz.co.nz\/#\/schema\/person\/c09d472799403ca15774f13614a9b602\"},\"headline\":\"Simplicity cement long term relationship with MMC\",\"datePublished\":\"2021-10-17T18:30:00+00:00\",\"dateModified\":\"2021-10-17T19:08:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.mmcnz.co.nz\/simplicity-cement-long-term-relationship-with-mmc\/\"},\"wordCount\":496,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.mmcnz.co.nz\/#organization\"},\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"en-NZ\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.mmcnz.co.nz\/simplicity-cement-long-term-relationship-with-mmc\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mmcnz.co.nz\/simplicity-cement-long-term-relationship-with-mmc\/\",\"url\":\"https:\/\/www.mmcnz.co.nz\/simplicity-cement-long-term-relationship-with-mmc\/\",\"name\":\"Simplicity cement long term relationship with MMC - Apex NZ\",\"isPartOf\":{\"@id\":\"https:\/\/www.mmcnz.co.nz\/#website\"},\"datePublished\":\"2021-10-17T18:30:00+00:00\",\"dateModified\":\"2021-10-17T19:08:50+00:00\",\"description\":\"Simplicity have renewed their fund administration services agreement with MMC. 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