I often smile when I read about ‘the next big thing’ in financial services -it’s a sure sign that the so-called experts have no idea.

Our most read story this week is the news that the FCA is to launch a review of financial advice. Yes, just when you thought it was safe to go back in the water there’s another regulatory shark in the sea - potentially.

Our story this week about the Treasury’s record IHT tax grab in the past year is a worrying portent of things to come, I fear.

The news this week that the FCA will commission an independent report into its handling of the LC&F mini-bond scandal is not an admission of guilt but it is perhaps the first sign that regulation failed investors who had the misfortune to use this company.