IFA begins process of rebuilding trust as it predicts levy contributions to fall by 12%

The IFA has seen 528 members cancel their membership since November, when the organisation’s salaries and other payments to senior executives were the subject of extensive public scrutiny.

The IFA is forecasting that the value of its annual voluntary levy from members will be down 12%, including refunds. The organisation has received 300 requests for refunds.

Levy contributions across all channels totalled over €4.7m to IFA in 2015, which could be down to around €4.1m for 2016 if its estimate of a 12% drop proves accurate.