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...
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