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10 Aug 2011
AN ICAEW member has been awarded £1,500 against the institute in a small claims court for overpaid subscriptions.
Mike Pallot, a former PwC senior partner at the firm's Plymouth office, successfully argued that the ICAEW's subscription notices failed to make it clear that he was due a reduced subscription due to his retirement.
Further reading
Pallot spent more than a year arguing with the ICAEW to repay half his subscription fee between 2006 and 2009.
Plymouth County Court ordered the institute to pay Pallot £1,457.20. The payment could open up the institute to more claims.
"The ICAEW certainly seems to have gone to great lengths not to set a precedent by refunding me the amounts I paid as a result of what I see as a clear lack of transparency on its part, although I am at a loss to understand why it didn't seek to settle my claim in a sensible way before the matter reached court," Pallot said in a letter to Accountancy Age.
An ICAEW spokeswoman said: "It's unfortunate, and we're disappointed it wasn't resolved differently. As a result of this case, we will be reviewing our procedures on the issue of claiming back fees."
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment
Good!
As someone who has been squashed by the ICAEW because I became ill, I would like to congratulate Mr Pallot. In my experience and opinion, the ICAEW will do anything to try to cover up that it might have been wrong in its approach or handling of a matter. In my case it has fought me for 3 years through every legal avenue avaliable to it to show that it was not wrong for punishing me for having suffered a mental health breakdown. In so doing it had driven me out of the accountancy jobs market and to the point of bankruptcy
Posted by: Albert Camus, 10 Aug 2011 | 15:26
Retired Chartered Accountants
I am aware of retired accountants who have resigned from ICAEW on retirement precisely because they were not aware of the reduced fee available
Posted by: David Grainger, 11 Aug 2011 | 12:14
Why Pay A Subscription Once Retired?
Why would anyone pay a subscription at all once happily retired?
You don't need to be a member of the Institute in order to play golf or potter about in the garden therefore why on earth would you fork out on an annual subscription?
I look forward to the day I retire when not only will I burn my suit but I also look forward to ending my annual subscription to the Institute for which I have received little or not return!
Posted by: Peter, 12 Aug 2011 | 09:17