Ifyou draw sicknessbenefit, rehabilitation benefit, activity compensation orintimelimited sickness compensation and are not employed, you canhave the right to pay a lower membershipfee.
But that destroys the original distinction between commercial activities (which were not available to all), and licence-fee funded activity (universal).
Morgan Stanley is undergoing a significant strategic shift in its business, with the stated goal of reducing volatility from traditional investment banking activity and generating more stable fee income streams from Global Wealth Management.