Group is to invest record revenues this year in building its professional framework
The CII Group is to invest record revenues this year in building a professional framework for its 90,000 members.
The Institute reported revenues of £28.2m (2005: £26.8m) with the Group net surplus rising to £2.9m (2005: £1.5m) and cashflow remaining strong with a year end balance of £13.1m (2005: £10.4m).
CII chief executive officer Dr Sandy Scott said: "I am delighted that the financial strength of the CII and PFS is so secure. With revenues up, and our surplus at record levels, we can now expand and deliver yet more services to our members globally.
"Our objective this year is to shape the Retail Distribution Review debate to help our members achieve the highest standards of professionalism while promoting public confidence in the CII membership."
Personal Finance society (PFS) chief executive Tim Eadon added: "Over the past year, we have become more streamlined and targeted in our communication with PFS members. The costs of running the annual conference, the production of initiatives such as the Knowledge Pack, the development and delivery of technical facilities, our website and the CII Faculties are considerable.
"This year we will invest even more money to establish the right framework for the profession post RDR," he said.
