Institute pays price for failed merger

The ICAEW announced a
new venture with jilted fellow institute
CIPFA this week,
providing a range of public sector services in place of those that would have
been provided under the merger plans.

ICAEW chief executive
Eric Anstee said the
proposals were a more expensive way of bringing the institutes together.

The institute has set up a special interest group that will see CIPFA paid to
provide services to public sector ICAEW qualifieds. Subscribers will receive
Public Finance magazine and access to online technical information.

‘This agreement [to get around the merger failure] involves buying in
separately. [If we had merged] we would keep the qualification separate and have
made cost savings,’ said Anstee.

He added that another merger vote was ‘some way off’, which could put into
doubt earlier tentative plans to put another vote to members by the end of 2007.

Anstee would not be drawn on his own future,or the timing for an announcement
on his replacement.

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