Fees harmonised for global professional community
A message from the Chief Executive of ICAS, Anton Colella, to members.
I want to take this opportunity to update you on a decision that ICAS has made on subscriptions for overseas members.
A Special General Meeting (SGM) of ICAS held on 24 April, 2015, agreed that subscription fees should be harmonised so that full members pay the same wherever they live and work in the world. In a vote on the matter, 1,759 members were in favour, 452 against and 49 abstained.
The current situation is that members in the UK and Europe pay the full rate (£438 in 2015), while members based overseas outside Europe pay a reduced rate (£255 in 2015).
The increase for overseas members will be phased in over three years. It will begin in 2016. The differential in rates will reduce by one third each year until overseas members are paying the same as other full members by 1 January, 2019.
Becoming truly global
Let me explain why we are doing this. Our ambition is to create a truly global Institute, reflecting that we have increasing numbers of members outside the UK. In fact, it is our biggest growth area. We want to ensure that members get as many of the same benefits as possible wherever they are in the world. We are moving from "Building a Professional Community" to "Building a GLOBAL Professional Community". This means
- We are investing in delivering a "Virtual ICAS", which uses digital to connect our members with the knowledge and networks of ICAS and have just launched www.icas.com We are partnering with other accountancy bodies around the world to ensure that we have relevant international content for members in the different regions of the world.
- We are bringing forward proposals to increase international representation on the ICAS Council and elsewhere in the governance structure of the Institute.
- We aim to put in place an extensive programme of continuous professional development which serves members overseas, including increasing our webinars and online resources.
- We aim to grow our international partnerships for the benefit of members and we intend to increase the impact of our influencing on global accounting matters.
There has always been a universal benefit of the CA qualification.
The reputation of the CA has long been an international career passport for our members. Over the past three years we have built up more than 20 international communities where members can access networks and events. Our intention is to take this onto the next level of ambition and service.
Since the proposal to harmonise the subscription fees was announced, we have had a lot of communication with members who are concerned about this change. We have also spoken to many overseas members who understand and support why we are doing it.
Throughout the progress of this proposal I have been very keen to engage personally with members over this change and our plans for the future. If you have further questions or wish to express views to me on this change I would be delighted to speak to you.
If you would like to talk further about this with myself or a member of my Executive team please email us.