A call to arms for SIPP regulation

For some time, I have expressed concerns about the current regulatory framework for SIPPs. They have existed for nearly 25 years and, for the majority of this time, were not specifically subject to FSA regulation, although the carrying out of certain activities led to some providers becoming authorised. But in 2007, the operation of SIPPs was regulated for the first time, largely as result of concerns about the implications of being able to hold residential property within SIPPs. Recent revelations and legal action involving some SIPP administrators and a number of other SIPP business...