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.

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

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

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

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I must say Mr Hunt is routinely catching us financial hacks out on a regular basis, as he did this week with his Mansion House pension reforms.

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One thing that has always disappointed me about financial regulation is how many rotters are allowed to get involved in financial services in the first place.

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The FCA will change the regulatory landscape on Monday (31 July) when the new Consumer Duty arrives.

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I must confess I have a problem with restricted financial advice.

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These are grim times for platforms, hit by runaway ’trains’ coming from all sides.

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