CII Group to make record investment
The Chartered Insurance Iinstitute (CII) Group is to invest heavily in building a robust professional framework for its 90,000 members this year after reporting record revenues for 2006.
The Institute reported healthy 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 Personal Finance Society (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.
"With the FSA's
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