With all the problems in the SIPP sector over the past few years SIPPs should be dead and buried by now.

When the financial historians come to write a chapter about the British Steel Pension Scheme debacle the word “shameful” is likely to be used.

There was an interesting, but mostly unreported, development this week on the regulatory front which may have significant repercussions for regulated firms.

There was a time when the professional body sector was reassuringly dull. An oasis of calm, grey in a sea of volatile and excitable financial services.