What is the rationale behind the current pricing levels?
The pricing model was developed in consultation with the industry through the CII’s Professional Standards Board, faculties and societies. The fees have been set to cover the administration, monitoring and communication costs associated with the scheme. The work includes verifying applicant’s details, confirming eligibility, producing and issuing certificates and enforcing the scheme rules. There is also a wealth of supporting literature, a dedicated website and a “live” online directory. The CII is a not-for-profit organisation and, in the event that any surplus is generated, this will be reinvested in the work and membership services of the CII and PFS. We are confident that corporate Chartered status delivers value to those firms which attain it. It distinguishes them from the bulk of the market and highlights their credentials as trusted advisers. In turn, this enhances their professional standing and their potential for commercial success.
