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.

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.