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

News editor at Professional Adviser

More on Companies

Natwest and Evelyn Partners £2.7bn deal completes

Natwest and Evelyn Partners £2.7bn deal completes

Combined business to have £127bn in AUMA

Isabel Baxter
clock 01 July 2026 • 2 min read
Tenet Group administration extended for another year

Tenet Group administration extended for another year

Failed advice network entered administration in June 2024

Isabel Baxter
clock 30 June 2026 • 2 min read
CACEIS agrees to voluntary £31.7m payment as firm censured by FCA over WealthTek

CACEIS agrees to voluntary £31.7m payment as firm censured by FCA over WealthTek

Formerly Vertus Asset Management

Patrick Brusnahan
clock 25 June 2026 • 2 min read