The majority of Investment and Advice members (~91%) will either experience reduced or the same total annual fees under the new funding model. 1
98% will only pay the annual registration fee
The new funding model recalibrates funding toward those who use AFCA’s services most frequently.
In the investments and advice industry, fees are distributed among members.
Only 2% of all I&A members are liable for complaint fees. Most members will only be liable for the annual registration fee (formerly membership levy).
Note: All figures are estimates only, based on FY 21 data and excluding ACRs. These estimates are based on a historical cut of complaints data and are not a definitive statement of what fees a member will pay in the future.