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GPhC set to freeze fees for second year

Professional Regulator plans to dip into reserves to cover £4 million increase in its costs rather than increasing the cost of registration

The General Pharmaceutical Council (GPhC) is set to freeze fees for a second year, despite estimating a £4 million increase in its costs.


The regulator proposed dipping into its reserves rather than increasing the cost of registration in papers released ahead of its council meeting on Thursday (February 6).


The meeting will see the council confirm whether to keep fees at present levels, which have not changed since the 10 per cent reduction in 2012. Pharmacists currently pay £240 to renew their registration, technicians pay £108 and the fee for registered pharmacies is £221.


The GPhC said its expenditure was due to rise by a fifth in 2014-15 to exceed £24m

More on the GPhC

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GPhC calls for higher standards for specials preparation

GPhC plans to slash fees 10%

The GPhC said its expenditure was due to rise by a fifth in 2014-15 to exceed about £24m. This would be fuelled by the cost of moving its premises to Canary Wharf, which will include paying out rents at both Lambeth and the new premises for "a certain time" and total relocation payouts of up to £302,000, it forecast.

The regulator is also due to recruit more staff, taking its total recruitment costs to an estimated £200,000. Fully implementing the new premises inspections, investing in IT and cutting the time taken to deal with fitness-to-practise cases would incur further costs, it said.


But the GPhC said it could achieve its goals without an increase in fees because of its £16m reserve funds. "The council can be confident that the necessary resources will be available for it to be able to discharge its regulatory responsibilities," it forecast.



What do you think of the GPhC's plans?

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3 Comments

Kevin Western, Community pharmacist

Why canary wharf to a more expensive office? why not to an office where the rents are cheaper in a provincial city, more centrally located? then maybe we can actually reduce fees.

MESUT OZIL,

Am I missing something here?
£16m reserve funds...............Surely that deserves a reduction in fees THATS - £16M of our money !!!!........or does it have to be £50M reserve funds before this happens?

MESUT OZIL,

But the GPhC said it could achieve its goals without an increase in fees because of its £16m reserve funds

FEES should have been reduced........!!!
Kevin...Why?? Because the GPHC are accountable to no one...

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