The Architects Registration Board (ARB) has sliced £6 off its annual retention fee, following pressure to reduce its cost to the profession
ARB’s board, which met today (16 September), voted in favour of reducing the annual charge from £86 to £80 in 2011.
The Department for Communities and Local Government demanding savings at the body of 7.3 per cent this year.
However some board members raised concerns over future financial uncertainty and the prospect of fees having to rise again in the future.
George Oldham, who sits on the board, suggested it would be better to reduce the fee to £70. ‘[To] Signal to registrants that we are being very careful how we spend their money,’ he said.
Fellow board member Colin Brock remarked: ‘Only about four years ago there was a huge debate on the board about funding the register by keeping the fee up.’
The move leaves the organisation with estimated an surplus of £281,000 in its reserves.