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Membership Survey Results 2007. Membership Committee Richard Bennett Head of Membership. www.sii.org.uk. Grade of Membership & Age. Membership Grades. Total Sample: 1198 (1273) respondents. Age. *DK/No answer = 2% (n=21). Actual Members 2008* FSI 23% (n=3,540) MSI 40% (n=6,169)

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  1. Membership Survey Results 2007 Membership Committee Richard BennettHead of Membership www.sii.org.uk

  2. Grade of Membership & Age Membership Grades Total Sample: 1198 (1273) respondents Age *DK/No answer = 2% (n=21) Actual Members 2008* FSI 23% (n=3,540) MSI 40% (n=6,169) ASI 34% (n=5,178) Aff 3% (n=408) *Does not include Students Base: All respondents (1198) (2006 Results) Q1.1/1.3

  3. Distribution across regions % of respondents • Overseas members replied 1% (n=23) • All other regions, 3% or below • The number of members who are unaware of the region of which they are a part of has dropped by 3% to just 7% Base: All respondents (1198) Q1.4

  4. Membership of Professional Bodies ACA 10% (n=118)ACCA 4% (n=50)CIMA 2% (n=25) None (32%) Accountancy (18%) UKSIP 5% (n=61)ACIB 5% (n=60)CFA 2% (n=26)STEP 2% (n=24) Various Others(50%) Base: All respondents (1198) Q1.5

  5. Which sector do you work in? Base: All respondents (1198) Q1.5

  6. Type of Firm members work in (10%) (21%) (19%) • Plus… • Consultancy 7% (5%) • Accountants 3% (4%) • Life Company 3% (3%) (7%) Several further mentions at 2% and below Base: All respondents (1198) (2006 Results) Q1.7

  7. Job Description Regulation & Compliance (13%) (16%) Operations(13%) (15%) Investment Mgt(11%) (12%) Portfolio Mgt(11%) (11%) FSI 10% (13%)MSI 17% (20%)ASI 11% (12%) AFF 10% (N/A) FSI 5% (6%)MSI 15% (15%)ASI 21% (29%) AFF 25% (N/A) FSI 17% (18%)MSI 8% (11%)ASI 9% (6%) AFF 5% (N/A) FSI 16% (16%)MSI 9% (9%)ASI 5% (6%) AFF 5% (N/A) • Plus… • Advisory/securities/derivatives 9% (10%) • Corporate Finance 8% (8%) • Fund management 7% (7%) Base: All respondents (1198) (2006 Results) Q1.8

  8. Does your firm pay for subs? (1%) (24%) (75%) YES Firm pays all subscriptions direct to SII(74%) (72%) I pay and firm repays all subscriptions to me(25%) (27%) Firm Contributes(1%) (1%) Base: All respondents (1198)/(860) (2006 Results) Q1.11a/b

  9. If your firm didn’t pay – would you? (9%) (19%) (72%) • Responses given for not paying: • Too expensive • Not enough benefits • Left industry Base: All respondents (968) (2006 Results) Q1.12

  10. Perceptions of Membership Q “How necessary to your profession do you consider your membership of the Securities & Investment Institute?” (25%) (26%) (22%) 6 4 3 (12%) 2 (10%) 1 (5%) 5 Very Beneficial Not all beneficial Mean = 4.2 • No difference from 2006 • No significant differences between perceptions of FSI, MSI and ASI Base: All respondents (1198) Q1.14

  11. Do you use your designatory letters? FSI: 70% (70%)MSI: 63% (61%) ASI: 54% (49%) (2%) (37%) (61%) FSI: 30% (28%) MSI:37% (38%) ASI: 46% (50%) Base: All respondents (1198) (2006 Results) Q1.8

  12. Regulatory Update CPD Events Designatory letters S&I Review PIFs CPD scheme Reg Refresher Infolink Online membership directory Webcasts Conference discounts FSI Masterclasses Annual Conference Importance of existing Membership Benefits More important Top 3 for FSIs CPD events Reg Update Designatory letters Top 3 for MSIs Reg Update CPD events Designatory letters Top 3 for ASIs Reg Update CPD events CPD scheme Less important

  13. Importance of new membership benefits More important Integrity at work book Wealth Management Forum Membership cards Podcasts Lapel pin Less important • All grades chose ‘Integrity at work’ book as 1st choice • ASIs preferred Book, Card & then Podcasts • 80% of members thought that we now offer sufficient membership benefits Base: All participants/users of benefits (1198) Q2.3

  14. Personal membership Benefits (39%) % % (15%) Aware % (61%) % (85%) • Mean rating of importance (1-6) was 3.2 Base: All respondents (1198) / all aware of benefit (530) Q2.3

  15. SII CPD SCHEME • 40% of Members surveyed this time claim to have registered with the SII CPD Scheme compared to 28% last year, now 85% are registered. Rated 1 (not very beneficial) to 3 (Very beneficial) Mean scores Base: All respondents (1198) Q5.1

  16. How do members maintain their knowledge?

  17. CPD Survey

  18. CPD Survey (contd)

  19. CPD Survey (contd)

  20. Summary of findings • Quantitative research used to suggest trends and areas that may merit further investigation • Good response rate (8.5%) on average with PB surveys • Low representation from ASIs need to think of ways to encourage them • Membership of other Professional Bodies very wide ranging • Noticeable concentration in Accountancy • Half of members work in Retail Investment Industry • Notable number in compliance & operations functions • CPD benefits & Reg Update ranked number one by members • Integrity book well received. • High overall rankings for SII CPD Scheme • Registration increased to 40% before auto signing up of all members, now need to increase usage.

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