The Monetary Companies Compensation Scheme has opened for claims from clients of Arthur Temlett, who traded as Abacus Insurance coverage Consultants and was compelled to cease finishing up any regulated actions by the Monetary Conduct Authority firstly of the yr.
The FCA issued the restrictions, together with not performing as an insurance coverage dealer, in January because it set out considerations that Abacus might have been promoting house and motor insurance coverage and never passing premium funds on to insurers.
RelatedFCA points restrictions on Scottish dealer due to private strains premium considerations
The FSCS confirmed it’s at present working with the FCA and Police Scotland to collect related info.
It famous that sole dealer Temlett was first authorised on 29 April 1988 and has
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