Do we need a lifeboat fund for non-standard SIPP assets?

Historically, one of the main selling points of a self-invested personal pension (SIPP) was that you could invest in a wider range of assets than you could in a standard personal pension. However, the inclusion of such non-standard assets in a book of business now looks set to cause many providers real difficulties. High-profile investment failures such as Harlequin and Catalyst have brought the problems associated with investing in non-standard assets painfully into focus, with investors struggling to see if they will receive compensation for any losses. In addition, incoming capital...