New consultation on registration fees and other fees and charges for 2020-21
At the meeting of UKPHR’s Board held on 18 February 2020 the Company’s budget for the Financial Year 2020-21 was considered.
As part of the budget process, the Board reviewed UKPHR’s actual financial performance against the budgeted finances in 2019-20. Key findings were:
- Registrant numbers continue to grow and income from registration fees was broadly in line with the budget;
- Most costs were also in line with the budget, with some excesses in IT provision, QA & training and legal professional fees.
Major projects for introducing revalidation for specialist registrants and amending the standards for practitioner registration were completed within budget.
The Board identified cost savings going forward, for example in relation to office costs, however these savings alone will not be enough to ensure that the organisation remains financially sustainable for the future. Projects still underway in the coming Financial Year will include an e-portfolio for the new SRbPA route and introduction of revalidation for practitioner registrants.
The Board therefore intends to increase registration fees and other fees and changes with effect from 01 July 2020 by around 3 per cent and seeks views of registrants and other stakeholders on these proposals. To read the full consultation and respond, please click here. Please note that this consultation closes at 10am on the 30th March 2020.