CII membership ups revenue

The Chartered Insurance Institute Group reported it membership grew by 2% to 93,000 member last year and its turnover jumped 7% to £30.3m led by more exam sales in financial services.

Financial highlights (2007 in brackets)

• Revenue £30.3m (£28.4m)
• Operating surplus was £0.8m (£0.6m)
• Net surplus, after investment returns and taxation, £1.9m (£1.0m).
• 60% growth in Diploma in Financial Planning exams

Chief executive Dr Sandy Scott said: "These are another good set of financial results including growth in every area of our business. It is widely recognised that during periods of economic downturn people do tend to focus on their personal development and try to increase their perceived value by undertaking more qualifications and training.

"This provides us with a strong base in which to support members through this difficult time and to maintain our work to raise professional standards across the profession and to further enhance CII activity to facilitate this. We are noticing a strong beginning to 2009 but we are exercising suitable caution due to the unstable environment."