Midnight on 31 December 2019 saw me enter my sixth decade of working in the pensions industry.

As we approach the end of another decade I have been reflecting on a subject dear to my heart – the evolution of the SIPP market.

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.

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