A rush of advisers taking exams in order to meet qualification requirements proposed in the Retail Distribution Review (RDR) helped the Chartered Insurance Institute (CII) post a 7% jump in revenue to more than £30m in 2008.
The not-for-profit organisation says it saw a 60% uptake in sittings of its Diploma in Financial Planning paper, helping it increase its revenue from £28.4m in 2007 to £30.3m last year, and a 2% rise in membership to over 93,000 members. It says the cash helped pay for the new Financial Planning Practice Paper (J08), which was launched in February, and a third annual round of exam dates, which will also now be held in July. Dr Alexander Scott, CII Group chief executive, says the organisation saw growth in "every area" of the business. "It is widely recognised that during periods of ec...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
