The mySolutions levy group - for IFSO Participants

Electing the mySolutions levy group

If your FAP Licensee or Authorised Body is already an IFSO Scheme Participant, and you are part of mySolutions, you can enjoy the benefits of the mySolutions levy rate.

Just email Feleta at membership@ifso.nz the following:

"I authorise Financial Advice Provider (name) .................................................... to be levied as part of the mySolutions levy grouping."

That's all you need to do! We will confirm by email that your FAP is now in the mySolutions levy group.

Annual Levies

When your FAP receives its annual levy In July 2023 it will be based on the mySolutions group rate per adviser.

The mySolutions group rate is calculated using the total number of advisers in the mySolutions group as at 1 July 2023, that are eligible to be levied by the IFSO Scheme.

• We will invoice your FAP in early July 2023, based on the number of Financial Advisers (and Nominated Representatives) your FAP engages as at 1 July 2023.
• New Advisers that join your FAP, after the July levy has been paid, will be charged for that portion of the levy year that remains.
• In all other respects your FAP's membership with the IFSO Scheme is not affected. Your Participant Area access of our website is unchanged.
• Your FAP does not have to make any changes to the FSPR listing or your client and website disclosures.

Any questions please call Andrew Gunn, Strategic Partnerships Manager on 021684355 or email andrew@ifso.nz