I ended my last commentary by expressing concern for all senior managers working with SIPPs – whether as a provider or adviser – given the ongoing regulatory uncertainty particularly around the responsibilities for investment due diligence. I drew attention to the new conduct rules that will come into force for all senior managers and staff with effect from 9 December as a result of the new Senior Managers and Certification Regime (SM&CR).

The recent developments involving Berkeley Burke SIPP Administration (BBSAL) have caused understandable concern and consternation for SIPP providers, advisers and SIPP investors.

One of the joys of the portfolio style of working that I am now able to follow is the variety of talented people that I meet.

Over the years I’ve reviewed countless pages of pensions related regulatory and technical consultation papers, discussion papers, green papers, white papers, policy statements etc.