In short
- FCA stopped Arthur Temlett from carrying out regulated activities on 21 January 2025.
- UK FCA - News advises customers to report suspected fraudulent policies to Police Scotland using crime reference number CR/0470100/24.
What happened
The Financial Conduct Authority obtained a bankruptcy order against Arthur Temlett, trading as Abacus Insurance Consultants, after concerns he may have sold insurance without passing premium payments to providers. Emma Porter of Aver Chartered Accountants was appointed as trustee to assess Temlett’s financial affairs and distribute recovered funds to creditors.
Arthur Temlett is awaiting trial on embezzlement charges following a Police Scotland investigation. Customers who believe they paid for non-existent policies are advised by UK FCA - News to report to Police Scotland using crime reference number CR/0470100/24 and contact the trustee for guidance on claims and complaints.
On 21 January 2025, we took action to protect consumers by stopping Arthur Temlett from carrying out any regulated activities, including acting as an insurance broker.
In numbers
- CR/0470100/24 Police Scotland crime reference number
Named in this item
Organization, regulator GB — —
What compliance teams should check
- Review customer lists for Abacus Insurance Consultants and cross-check against crime reference number CR/0470100/24 for potential fraud reports.
- Monitor all claims submitted to the Financial Services Compensation Scheme (FSCS) for Abacus, referencing www.fscs.org.uk/making-a-claim/failed-firms/arthur-temlett/.
- Verify all communications from Emma Porter of Aver Chartered Accountants, trustee appointed on 27 August 2026, to prevent recovery room scams.
Why it matters
This case highlights the importance of monitoring insurance brokers for potential misappropriation of client funds and ensuring prompt action when irregularities are detected. The FCA’s intervention and subsequent bankruptcy order demonstrate regulatory vigilance and the need for compliance officers to track affected clients, claims, and fraud reports. The involvement of multiple entities, including Police Scotland and FSCS, underscores the complexity of remediation and the necessity for robust controls to protect consumers and prevent further financial crime.
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