Sam Stubbs: Simplicity CEO on Govt's $2.1 billion purchase of Kiwibank
The head of one of our biggest KiwiSaver providers fears Kiwibank will effectively become a zombie bank.
The Government has spent $2.1 billion to buy the bank's parent company from independent crown entities ACC, NZ Post and NZ Superfund, meaning it now fully owns it.
Simplicity CEO Sam Stubbs joined Mike Hosking.
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