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.

The FCA’s comprehensive adviser sector review published this week brought some surprisingly positive news. The number of advisers is on the up after years of plateauing or decline.