Originally Posted by
Stuart Brammall
Why? We do not need the capital. I worked it out a while ago and it seemed to me that in order to break even on the life memberships (as compared to those individuals buying a regular membership) the fund would need to be making 5%... and this does not take into account costs associated with maintaining the fund. I imagine right now it maybe makes 2.5% - 3% ?
I would understand if we were trying to raise money to make an expensive purchase (website, building, that sort of thing) but that is not the case...
The fact that there are life members makes it difficult to make any changes to the antiquated fee structure... It makes the organisation highly inflexible. And, not that it matters to me personally, but the life memberships make it difficult for the provincial bodies to collect fees.