The rules of financial regulation were effectively torn up and rewritten this week after the Government stepped in and launched a £120m compensation fund for victims of the London Capital & Finance collapse.

This week I did something rather different. I put on a pair of black work shoes, a decent work shirt and a pair of trousers. I then went to my annual business meeting at our accountants.

One of the things that has always puzzled and dismayed me about the miserable London Capital & Financial (LCF) debacle is: where were the whistleblowers?

There were no doubt a few rolled eyes recently at our story reporting that over half of adults do not trust financial advisers.