Decision details

To approve the outcome of the TMO allowance review exercise

1.  That the outcome of the TMO allowance review exercise, the methodology applied and the increase and decrease of allowances set out in Appendix 1 of the report be approved.

2.  That it be agreed that this be applied on an ongoing basis until the next review.

3.  That the revised management allowances payable to 16 TMOs totalling £3,714,064, an overall reduction of £102,065 compared to the previous year, be noted.