Nearly 2,400 delegates are expected to attend the Personal Finance Society’s four Financial Planning Symposiums around the country which start next week.

The cost of regulation for smaller adviser firms is £32,000 a year, with each client paying £160 on average, research has suggested.

The Personal Finance Society has met with the FCA, FOS and APFA to discuss “ineffective and overcomplicated” suitability reports.

An adviser body has called for “fundamental change” in how the FSCS is paid for.