Membership fees

There is no joining or application fee to become a member of Financial Dispute Resolution Service. Financial Dispute Resolution Service offers competitive annual membership fees.  Our various membership types and fees are described below. 

If you’re unsure of where your financial service fits within our fee schedule, just give us a call on 0508 337 3337 or email enquiries@fdrs.org.nz

  

Annual Membership fees as at 1 July 2020

The Financial Dispute Resolution Service membership year runs from 1 July to 30 June.

All fees are exclusive of GST:

Category 1a - Advisers

Individual or small group - 5 or less

 

Fee

Per adviser

$350

 

Category 1b - Advisers

Groups - up to 50 advisers (paid by one invoice)

 

Fee

Fee per adviser                                                   

 $250

Maximum

$7,500

 

Category 1c - Advisers

Groups - up to 100 advisers (paid by one invoice)

 

Fee

Fee per adviser                                                    

$250

Maximum

$15,000

Additional Advisers (per adviser)

$150

 

Category 1d - Advisers

Groups with centralised complaint handling and/or account management

 

Fee

                                             Groups

P.O.A

 

Category 2a - Insurers

 

Fee

Insurers - premiums less than $70m per year                                                                                 

$1,740

 
Category 2b - Insurers

 

Fee

Insurers - premiums more than $70m per year                                                                                 

$3,000


Category 3 - Lenders

Including providing credit under a credit contract or being a creditor under a credit contract. Advances to retail clients/book value.

 

Fee

Loan book less than $10 million                                                                         

$870

Loan book more than $10 million

$1,740

 

Category 4a - Other financial service providers

Other financial service providers - general

 

Fee

Individual/organisation base fee                                          

$870

Plus per additional entity in group

$260

 

Category 4b - Other financial service providers

Entering into derivative transactions, or trading in, foreign exchange, interest rate and index instruments, transferable securities (including shares), and futures contracts on behalf of another person

 

Fee

Individual/organisation                                                             

$870

Plus per additional entity in group

$260

 

Category 5 - Crowdfunders and peer-to-peer lenders

Funds raised/advances

 

Fee

Funds raised or loan book under $10 million                                                               

$870

Funds raised or loan book over $10 million

$1,740

 

Category 6 - Banks

 

Fee

Registered Banks

P.O.A

 

Category 7 - Not for profit entities

 

Fee

N.F.P or charities

P.O.A