January 2024: Month in review with senior reporter Isabel Baxter

Policy watch… The Financial Conduct Authority (FCA) began the year by handing an adviser a warning notice for giving customers unsuitable advice to transfer out of their defined benefit (DB) pension on 10 January. The watchdog said the "reckless" unnamed individual advised "a large number of customers" to transfer out of their DB scheme when it was not suitable. This month also saw the regulator ban former adviser Paul Ulliott after he handled stolen goods. This decision was made in a financial notice released on 15 January. On a more positive note to start the year, the FCA officia...