Simplicity asks Fletcher Building for explanation over GIB

Kiwisaver provider Simplicity is asking for a please explain from Fletcher Building over the GIB board debacle. Simplicity has 35 million dollars wrapped up in Fletchers, equating to a 0.8 percent shareholding of the building giant. Despite that they sacked Fletchers as their GIB supplier for 550 homes due to slow delivery times. Simplicity and the NZ Shareholders Association have arranged to meet with Fletcher Building on Friday. So when Nathan Rarere spoke with Simplicity chief executive Sam Stubbs if asked if he's people should be worried about what this will do to their Kiwisaver accounts.