Subscription fees

All fees are subject to VAT.

Fees for consultancies

Fees for consultancies are based on the number of actuaries. The bands and fees for 2025/26 are:

For consultancies with 14 or fewer UK qualified actuaries (including individuals, operating as ‘one-man consultancies’) there is a ‘per actuary’ fee of £435 + VAT (£420 in 2024/25) per qualified actuary.

In 2025/26, a discount of 10% to the fees for consultancies that provide data to the Self-Administered Pension Schemes investigation is applied.

Fees for reinsurers

A flat-level fee of £28,700 + VAT applies in 2025/26 (£27,865 in 2024/25).

Fees for Life offices

Fees for life offices are based on factors applied to business volumes for our three life insurer investigations – Annuities, Assurances and Income Protection – using figures reported to the regulator on Form S14 of the year-end Quantitative Reporting Templates (QRTs).

2025/26 subscription fees are the sum of the following factors applied to values from Form S14 of the 2023 QRTs:

• A factor of 0.18 per £100,000 of Best Estimate Liability on UK annuities,
• A factor of 0.75 per £1,000,000 of Capital at Risk on UK individual mortality and critical illness policies,
• A factor of 0.5 per £10,000 of Best Estimate Liability on UK individual income protection claims in payment, and
• A factor of 0.6 per £100,000 of Capital at Risk on UK individual income protection policies.

The fee is subject to a minimum of £7,230 (£7,020 in 2024/25) and a maximum of £82,400 (£80,000 in 2024/25). 

In 2025/26:
•    A discount of 10% to the fees for life offices that provide data to any of the Annuities, Assurances and Income Protection investigations is applied.
•    A concession of 50% for overseas life offices with no UK entity is applied, subject to the minimum fee.

Please note:

• The fee is expressed net of VAT
• The calculation is intended to apply to UK business only (we understand that low volumes of overseas business can be combined with UK business on Form S14 but, by definition, the impact should be small)
• We ask insurers to supply the relevant figures from their QRTs alongside their calculated fee
• In 2025/26, we are requesting values relating to number of contracts at the end of the year; number of new contracts during year; and total amount of written premiums
• Insurers are requested to consider the "spirit" of the formula and to contact us if they consider that it does not appropriately reflect the nature of their business.
• If you have queries regarding the basis, please email finances@cmilimited.co.uk

Fees for other organisations

Organisations that are interested in subscribing that don't clearly fall into any of the above categories should get in touch with info@cmilimited.co.uk to discuss the subscription fee. The general approach to setting fees for some other types of organisations that do not fall within any of these groups is set out below.

Academics

Academics are granted free access provided their use of CMI outputs is solely for non-commercial purposes. This will also apply to any individuals who are members of CMI committees who do not work for an organisation that pays a fee and to overseas actuarial associations.

Regulators and government bodies

Regulators and government bodies are granted free access, as we believe this will encourage more widespread use of CMI outputs.

Other UK commercial firms

The standard fee for an organisation (other than a life insurer, a reinsurer, or an actuarial consultancy, including accountancy firms employing actuaries) will be the same level as for a reinsurer (£28,700 + VAT in 2025/26, £27,865 in 2024/25).  If a firm can clearly demonstrate that its planned use of CMI outputs is modest, then a lower fee can be considered.

Overseas companies with a UK entity

The fee for Overseas companies with a UK entity will be based on the UK entity.

Overseas companies with no UK entity

The fee for Overseas companies with no UK entity will normally be calculated as if the company were a UK entity.