ABI is looking to raise £11.4m from members

The ABI is looking to raise £11.4m from members over the next three years to pay for its quality mark accreditation system. The trade body is already in the process of spending £6m in its initial phase, a sum raised from sponsor members of SALTR. Companies will have to pay for ABI accreditation and these fees will provide the budget for the project. The initial sponsors, which include Standard Life and Scottish Equitable, will be eligible for a rebate of up to £3m of the £6m over the next three years. Assuming the initial sponsors take the full 50% rebate the annual cost of the project is ...