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 337 337 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 |