Disclosure and fees

DISCLOSURE STATEMENT

As at March 2021.

Oregon Financial Services Ltd (FSP777351) holds a transitional Financial Advice Provider licence issued by the Financial Markets Authority to provide financial advice.

We provide advice to our clients about their Residential or Commercial borrowing requirements, 1st Mortgages, 2nd Mortgages, Caveat Lending, Life Insurance products, Home and Contents insurance and KiwiSaver.

We do not provide advice on legal matters, taxation, estate planning or the buying and selling of shares, but can refer you to appropriately qualified people that do.

We only provide financial advice about products from certain providers:

For 1st Mortgages, we work with the majority of the Banks.

We also have access to a number of Non-Bank Lenders and specialist Finance Companies.

For life insurance, we work with Partners Life, AMP, AIA (Formerly Sovereign), and Cigna.

We will not provide advice on whole of life or endowment products, so you will need to consult a specialist if you would like advice on those products.

For Home and Contents insurance, we work with one provider Stylecover.

For KiwiSaver, we work with AMP and the NZ owned and operated Generate.

Oregon Financial Services Ltd is a member of an aggregation group Newpark and a professional membership organisation Financial Advice New Zealand

FEES

For mortgages, Oregon Financial Services Ltd will receive commissions from the banks with whom we arrange mortgages. If you decide to take out the mortgage, the bank will pay a commission. The amount of the commission is based on the sum that is being borrowed.

We may charge a fee for the financial advice provided to a client where a client utilises funding provided by a Non-Bank or specialist Finance Company. Whether a fee will be charged and the manner in which it will be charged will be advised when the advice is provided to the client.

For life insurance Advice Oregon Financial Services Ltd will receive commissions from the insurance companies on whose policies we give advice. If you decide to take out insurance, the insurer will pay a commission to us. The amount of the commission is based on the amount of the annual premium.

We may charge a fee for the financial advice provided to a client where a client cancels a life policy within two years of inception. Whether a fee will be charged and the manner in which it will be charged will be advised when the advice is provided to the client. (Note: In +20 years of operation we have never charged a “recovery” fee in this manner)

Once you provide the background of your circumstances any known conflict of interest will be disclosed to you.

WHAT SHOULD YOU DO IF SOMETHING GOES WRONG?

If you have a problem, concern, or complaint about any part of our service, please tell us so that we can try to fix the problem. If we cannot agree on how to fix the issue, or if you decide not to contact us, you can contact Financial Services Complaints Ltd which is an External Disputes Resolution Scheme approved by the Minister for Consumer Affairs under the Financial Service Providers (Registration and Dispute Resolution) Act 2008. This service will cost you nothing, and will help us resolve any disagreements. You can contact Financial Services Complaints Ltd at—

Address: PO Box 5967, Lambton Quay, Wellington 6145 Telephone number: (Call Free) 0800 347257 or (04) 472FSCL (472 3725)

Email address: info@fscl.org.nz

PH: 0800 2 FINANCE. Auckland Based Mortgage and Insurance Assistance Since 2002