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ICE to get tough on subs dodgers

Institution news

SUBSCRIPTION DODGING by members is costing the ICE thousands of pounds every year, according to finance director Ian Powney.

Subscriptions for 2001 were due on 1 January, but six months later more than 11,000 members have yet to pay, leaving the Institution funds ú1.2M ($1.7M) short.

Subscriptions account for over 90% of the Institution's income and delays in payment hit hard, said Powney.

The annual administrative cost of chasing these funds is upwards of $110,000, says Powney. He urged members with outstanding subscriptions to pay up. 'This money is vital to providing services for members, ' he said.

The ICE is able to expel members who refuse to pay their subscriptions, but Powney said this was a tactic of last resort and would only be applied if gentle persuasion failed.

The ICE will put pressure on members with outstanding subscriptions by blocking benefits.

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