Angela Knight, chief executive of the UK private client investment managers trade association, is to warn that financial regulators are being burdened with government interference that will cost consumers without bringing them any benefits.

In a speech to the Scottish Financial Enterprise dinner Thursday night, the Association of Private Client Investment Managers and Stockbrokers (Apcims) will claim that the UK government is too busy sponsoring reviews without considering the cost to the Financial Services Authority (FSA) or to the public.