Fees

About Fees

There are various membership types and the fees for each 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

 

Joining is easy

Simply complete the application form for your individual circumstances. If you are unsure about which form to complete, just give us a call on 0508 337 337.

 

Financial Advisers

For financial advisers or brokers transferring from another dispute resolution scheme click here

For new financial advisers or brokers click here

If you have a group of advisers click here to complete the schedule for each adviser in the group

 

Financial Service Providers

For all other financial service providers click here

 

We will get back to you within one working day with provisional membership details.

Note: You must commence your FSPR registration first in order to provide us with your FSP number.

 

Annual Membership fees as at 1 October 2017

All fees are exclusive of GST:

 

Joining Fee - Nil

 

Category 1a - Advisers

Individual or small group - 5 or less

 

Fee

Per adviser

$350

 

Category 1b - Advisers

Groups - up to 50 advisers

  Fee
Fee per adviser                                                      $250
Maximum $7,500

 

Category 1c - Advisers

Groups - up to 100 advisers

 

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 4 - 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 5a - Other financial service providers

Other financial service providers - general

 

Fee

Individual/organisation base fee                                           

$870

Plus per additional entity in group

$260

 

Category 5b - 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 6 - 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 7 - Banks

 

Fee

Registered Banks

P.O.A

 

Category 8 - Not for profit entities

 

Fee

N.F.P or charities

P.O.A