Welcome to our first Fellows e-newsletter! We hope you like the format, which outlines the considerable Academy activity since the start of the year. Building work at 41 Portland Place has already started to give us an idea of the final product - and it looks great! I should warn you that this newsletter includes a notification of a slight increase in annual subscription rates, to £287 and £172 for clinical and non-clinical Fellows respectively. I know an increase in outgoings is never welcome, but your subscriptions really do provide invaluable support to our operations. Finally, many thanks for updating your Directory details; a new edition will be published in the spring.

Please do forward this newsletter to any colleagues who may be interested in the Academy's work