CII blames ANZIIF finances for merger collapse

It says 2008 will likely be the second year ANZIIF has lost money and "now feels any merger would be detrimental to members' long-term interests". However, the 120-year-old ANZIIF, which provides professional development services to insurance and financial services firms across Australia, New Zealand and the Asia Pacific, says it is the CII's fault the deal has fallen through. The merged body, which would have been called the Chartered Institute of Financial Services (CIFS), would have boasted more than 105,000 members across 170 countries. "It has become apparent that ANZIIF's revenu...