So the ICAEW has published its annual review. Because the review is so profoundly dull, here are the two things every member wants to know:

How much is the subscription going up?

The proposal is for the subscription to go up by £10 from £300 to £310 for members living in the UK and Europe. You get a slight discount if you live outside this zone, but this discount is consciously being reduced over time.

This works out as an increase of 3.3%, which is marginally below price inflation, but probably above most members' wage inflation.

How much are the directors paying themselves?

The answer is in note 31 to the accounts (click the image below for a larger version).

Ignoring Mark Protherough, who wasn't a director for the whole year, the directors have received an overall increase in pay of 2.6%, representing bonuses at the same level as last year and an increase in base pay of 3.3% (source).

However, its 635 FTE staff were paid an average package of £56.7k each, compared to an average of £57.3k for 618 FTEs in 2009. That's a decrease of just over 1%.

People who read this post also read:

• The ICAEW annual review and AGM 2011
• The future of assurance
• KPMG and bonuses for trainees, a personal reflection
• Are you going to the ICAEW AGM?
• How accountancy bodies survived the financial crisis

Filed under: Institutes with tags bonuses, directors, icaew, salaries