CII: RDR has only added 4% to revenue

The not-for-profit organisation faced criticism from advisers after launching its Level 4 Diploma in Regulated Financial Planning – a largely multiple-choice qualification similar to its Diploma in Financial Planning – earlier this year. The new qualification’s six units, which do not require CPD gap-fill, cost a combined £356 for members (£427 for non members). In 2009, the CII made an operating surplus of some £1.3m, adding to an £800,000 surplus in 2008, but it said it could not understand how avoiding a loss was viewed as a negative thing. It stressed it allocates any excess re...