It was, to some degree, inevitable that private equity firms would turn their attention to UK Financial Planner firms.

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?