FSCS working with Police Scotland on under investigation firm

Lifeboat fund aware that customers had purchased investments from insurance broker

Isabel Baxter
clock • 2 min read

The Financial Services Compensation Scheme (FSCS) has confirmed it is working with Police Scotland and the Financial Conduct Authority (FCA) as it investigates claims against an insurance broker from which clients were believed to have purchased investments.

In an update shared late last week (21 February), the FSCS said it is now open to claims against insurance broker Arthur Temlett, which traded as Abacus Insurance. The sole trader was first authorised on 29 April 1988 and operated in the Dumfries area. It provided insurance broking services and sold motor and home insurance products from a range of insurers. The FSCS said it has been made aware there are also clients who purchased investments via Arthur Temlett. The Financial Conduct Authority (FCA) placed restrictions on Arthur Temlett in January in response to allegations that insur...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

Isabel Baxter
Author spotlight

Isabel Baxter

Chief Reporter at Professional Adviser

More on Companies

PhillipCapital eyes Walker Crips takeover with £6m bid

PhillipCapital eyes Walker Crips takeover with £6m bid

Amid significant regulatory, compliance and liquidity challenges

Isabel Baxter
clock 24 November 2025 • 3 min read
The Penny Group takes majority stake in £350m AUM advice firm

The Penny Group takes majority stake in £350m AUM advice firm

Will integrate with Harridge Financial Services over a three-year timeframe

Isabel Baxter
clock 21 November 2025 • 2 min read
Tatton AUM up almost 30% to £25.8bn during 'strong period of growth'

Tatton AUM up almost 30% to £25.8bn during 'strong period of growth'

Interim results for the six months to 30 September

Jenna Brown
clock 18 November 2025 • 2 min read