If I was a Financial Planner I would likely be infuriated by the news today from the Financial Services Compensation Scheme forecasting a levy on regulated firms of over £1bn over the next 12 months, up 30% on the previous year.

I was mightily impressed this week by the words from the expanding senior team at Glasgow-based holistic Financial Planning firm Murphy Wealth.

So are 4,000 regulated firms really going to collapse this year as the FCA has warned this week could happen?

I was going to dedicate this column to a timely look back at 2020 and a look forward to 2021 (see lower down). Then something happened.