The Financial Planning Association (FPA) plans to invest in an information system to improve member communications, knowledge sharing and engagement.

It comes after the organisation reported a $1.4 million surplus for the year to June 30.

CEO Mark Rantall says the money will also replenish reserves drawn on in 2011 when the association was restructured and principal membership removed.

He says the FPA is no longer reliant on sponsorship or an annual conference to meet operating or funding requirements.

“We are pleased with the strong financial performance of the FPA and the fact we are on a firm footing for future growth. We welcome the strong and steady gains in our membership numbers.”