PracticePeople In PracticeICAEW defends subscription fee hike

ICAEW defends subscription fee hike

ICAEW defends subscription fee hike of 5% above inflation

The ICAEW has defended its 9% hike in subscription fees as an attempt to further develop a ‘more flexible ACA qualification’.

Link: ICAEW and CIPFA reveal merger webcasts

The rise, which equates to an extra £21 on the current members’ fee of £231, is 5% above its normal inflationary increase.

But the institute refuted claims that the rise was required to fund its ongoing plans to consolidate with CIPFA.

An ICAEW spokeswoman insisted that the additional £1.5m raised from the increase would go towards maintaining the quality of the qualification.

Paul Druckman, ICAEW president, admitted that the increase was ‘significant’, but maintaining the quality of the qualification was ‘critical’ for the institute’s long-term success.

Bruce Lawson, ICAEW member and linked with lobby group ‘Members Against Consolidation’, argued that the proposed consolidation was meant to lead to cost savings for the institute.

The practicing fee certificate would increase by £5 to £123.

Related Articles

haysmacintyre makes two new hires in audit team

People In Practice haysmacintyre makes two new hires in audit team

1d Lucy Skoulding, Reporter
Deloitte hires ex-HSBC global head of IFRS as partner

Big Four Deloitte hires ex-HSBC global head of IFRS as partner

5d Lucy Skoulding, Reporter
BDO promotes 1,110 people

Accounting Firms BDO promotes 1,110 people

1m Alia Shoaib, Reporter
Deloitte appoints former RBS Group Strategy Director as partner

Big Four Deloitte appoints former RBS Group Strategy Director as partner

2m Alia Shoaib, Reporter
RSM extends private client legal services with new appointment

People In Practice RSM extends private client legal services with new appointment

2m Austin Clark, Reporter
KPMG makes UK head of automotive appointment

Big Four KPMG makes UK head of automotive appointment

2m Emma Smith, Managing Editor
Grant Thornton expands financial services regulatory team

Accounting Firms Grant Thornton expands financial services regulatory team

2m Austin Clark, Reporter
KPMG hires new head of international tax

People In Practice KPMG hires new head of international tax

2m Emma Smith, Managing Editor