The Financial Conduct Authority (FCA) has proposed to raise the levy it collects from advisers by 4.7% to £77.1m for the coming year.
However, it estimated there would be 2.9% more advisory firms operating in the market this year - 9,779 in total - which would lead to a 3.7% reduction in rates paid by individual firms.
The fees are based on an estimated tariff of £29.2bn and follow a rebate of £4.4m, or 5.7%, from last year.
The FCA also proposed to raise the minimum fees it collects from small firms by 1% - or £11 - to £1,095 to reflect inflationary increases.
The FCA's overall funding requirement for the coming year is up 1.5% to £526.9m, driven by a £5.1m (1%) increase in its ongoing regulatory activities budget and £2.5m for EU withdrawal costs.
However, the A13 adviser fee block will not be asked to contribute to the Brexit costs.
The cost of the Markets in Financial Instruments Directive (MiFID) II, to which advisers will contribute, has been valued at £9.2m.
Pension guidance costs down
Cost of the government's free at-retirement guidance service Pension Wise meanwhile, has fallen 28%.
The industry will be asked to contribute £16.2m to the £22.5m running cost of the service, benefiting from a £6.3m underspend last year. Advisers will contribute £1.9m, or 12%.
The underspend was primarily due to the government's decision in October not to proceed with putting in place a secondary market for annuities, which was scheduled to commence from April 2017.
Money Advice Service
The total budget for the Money Advice Service (MAS) has been set at £75m, same as last year, but only £64.1m of it will be levied on firms as the service is being run down to be replaced by a new guidance body next year.
Of the total cost, £27m will count towards running the MAS' money guidance arm, to which advisers will contribute £2.7m - 6.1% less than last year.
Financial Ombudsman Service
Advisers will pay 2%, or £489,000 of the FOS levy, which was set at £27m in March on an operating budget of £263.5m. Minimum contributions per firm were set at £45.
Firms have until 9 June to send their comments to the FCA, which will publish its final fees at the end of June or early July.
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