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DBS cancels conference in Prague as firms slam cost

DBS has cancelled plans to hold its annual conference in Prague amid uproar from members about the cost of the event.

The network says the conference was cancelled because it wants to reach more of its members as the event had only 150 places. It will instead run business conferences across the country to involve all members in its new initiatives.

Members were angry at being asked to pay nearly £500 to attend the conference, saying there were much cheaper ways to get to Prague and stay in the city.

Some members were also put off by the “sales-like” nature of the conference, which they felt was inappropriate for their role as advisers. P&A Associates partner Austin Colaco says: “For £1,000, my wife and I can go to Hawaii. I did expect to pay for my share of travel arrangements but their prices are very high.”

David Wright Associates partner David Wright says: “You could do the same trip for a fraction of the price and it all seems a bit sales-like. We are not a salesforce.”

DBS spokeswoman Sue Lewis says: “The idea for the conference came from members themselves but only a few can participate. It has been oversubscribed, so we are going to concentrate on our new initiatives through our business conferences.”

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