Along with 2,500 other people, I was fortunate enough to attend the Personal Finance Society’s long-awaited Festival of Financial Planning this week. 

I suspect most Financial Planners roll their eyes these days when they read on Financial Planning Today about another advice firm declared in default by the Financial Services Compensation Scheme.

The Financial Services Compensation Scheme (FSCS) has blamed poor financial advice for driving up its soaring annual levy.

The FCA has promised to reduce the FSCA levy from 2025 by 10% a year - but only if it can reduce the number of consumers being harmed by rogue financial services companies.