Member economic survey 2015

This report made use of an online survey of Chartered Insurance Institute members,  conducted in May and June 2015. It was sent to its non-financial planning members (i.e., the survey did not include Personal Finance Society members), and returns were received from 4,038 respondents (equivalent to around 5% of the relevant membership).

Although the survey spanned the CII's global membership in over 150 countries and covered a wide range of issues, this report focuses on just UK-based respondents' view of the UK's economic and business prospects. Previous surveys were conducted in 2009 and 2010, 2011 and 2014.

• This edition of the CII Member Survey reveals that 2015 has seen a steady rise in confidence among CII members, across all indicators. This year's headline confidence results push further past the record highs recorded during the 2014 edition.
• This surging confidence encompasses economic prospects - i.e. members' perceptions of the state and direction of the UK macroeconomy - as well as business prospects, referring to members' expectations for their own business or workplace over the coming year.
• Two-thirds (67%) of members expect the UK economy to improve during the coming twelve months. This represents a sizeable increase over the 53% who were confident in the UK's economic outlook in the 2014 survey, and is a record reading for the five years in which comparable data have been collected by CII.
• 60% of respondents anticipate an upswing in their businesses over the coming year - another record reading, and a substantial rise on the equivalent proportion from 2014's member Survey (53%). In particular, the share of respondents who foresee a 'significant improvement' in their businesses' prospects has more than doubled (from 6% last year to 15% this).
• In addition to the CII Economic and Business Prospects Indices, new data allows us to construct an additional headline indicator, namely the CII Employment Prospects Index.
• This has also risen in the 2015 edition over last year's data: nearly half (48%) of respondents feel the employment landscape has improved for them during the last twelve months.
• Looking at individual career challenges and goals for the coming five years, CII members report their top concerns as achieving earnings growth, ensuring job stability, and maintaining a sustainable work/life balance.

 View the attached report »

See previous CII member economic surveys:

Economic and business prospects 2014 » 

Membership survey on the economy 2010 »