Subscription fees

All fees are subject to VAT.

Fees for consultancies

Fees for consultancies are based on the number of UK actuaries (including Associates and Fellows; and overseas-qualified and UK-qualified actuaries). The bands and fees for 2026/27 are:

For consultancies with eight or fewer UK actuaries (including individuals, operating as ‘one-person consultancies’) there is a ‘per actuary’ fee of £750 + VAT in 2026/27 (£435 in 2025/26) per actuary (defined above). The fee for an overseas consultancy will be calculated as if it were a UK consultancy.

In 2026/27, a discount of 15% is applied to the fees for consultancies that provide data to the Self-Administered Pension Schemes investigation.

Fees for reinsurers

A fee of £30,000 + VAT applies in 2026/27 (£28,700 in 2025/26) applies to all reinsurers.

The fee for an organisation (or whose parent organisation) operates as both a life office and a reinsurer will usually be based on the larger of the two calculated fees.

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. 2026/27 subscription fees are the sum of the following factors applied to values from Form IR14 of the year-end 2024 Quantitative Reporting Templates (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 15.36 per £100 of Number of contracts at the end of the year on UK individual income protection policies and income protection claims in payment.

The fee is subject to a minimum of £10,000 + VAT (£7,230 in 2025/26) and a maximum of £82,400 + VAT (unchanged from 2025/26).

Please note:

• A discount of 15% is applied to the fees for life offices that provide data to any of the Annuities, Assurances and Income Protection investigations.
• A concession of 50% is applied for overseas life offices with no UK entity, subject to the minimum fee.
• 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 IR14 but, by definition, the impact should be small)
• 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.
• The fee for an organisation (or whose parent organisation) operates as both a life office and a reinsurer will usually be based on the larger of the two calculated fees.

Other organisations

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 (£30,000 + VAT). A reduced fee may be considered if an organisation (or its parent organisation) can clearly demonstrate that it operates on a modest financial scale and that its use of CMI outputs will be limited.

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.

UK regulators and government bodies

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