Guarantee Fund costs change
Changes to the funding of the Society’s inspection and interventions regime and the Guarantee Fund will be implemented for 2011-12.
Historically the Guarantee Fund contribution has funded approved payments from the Fund as well as the costs of the Financial Compliance and Interventions Departments. From 2011-12 the Guarantee Fund subscription will only fund direct Guarantee Fund costs such as grants, a separate charge called the accounts fee being introduced to pay for the two departments. The accounts fee will be charged to the same people and businesses who pay the Guarantee Fund subscription.
This change will not increase the overall cost. Indeed Council has approved a Guarantee Fund contribution for 2011-12 of £239 and an accounts fee of £341, in total a £50 reduction from the Guarantee Fund subscription charged this year.
In this issue
- Maxwell Fyfe and the origins of the ECHR
- Introducing the European Law Institute
- Social media are here to stay
- Property points
- Paving the way for a new approach to elderly care
- Fair trial for the European Court of Human Rights
- Stalking: the hidden dangers, the silent crime
- Paul Wade: An appreciation
- Opinion
- Book reviews
- Reading for pleasure
- Council profile
- President's column
- Finger on the pulse
- Sharper focus
- The ties that bind
- Trawling for revenue
- The generation game
- Through the hoops
- Directors: to be, or not to be?
- Shoe stoppers
- Selection blues
- Conference calling
- ARTL: is there a fix?
- Building a better Buildmark
- Secure knowledge
- Key changes in compliance
- Guarantee Fund costs change
- Law reform update
- Strangers in the House
- Property points (1)
- Ask Ash
- Debt and asset recovery specialism goes live