The UK Financial Conduct Authority said it has secured court approval to start bankruptcy proceedings against Arthur Temlett, who traded as Abacus Insurance Consultants. A Scottish sheriff approved the application on Aug. 27, 2026, and appointed Emma Porter as trustee in bankruptcy. She will assess Temlett’s financial position and distribute any recovered funds to creditors. Temlett is also awaiting trial on embezzlement charges brought after an investigation by Police Scotland. The FCA had already moved against him on Jan. 21, 2025, barring him from carrying out any regulated activities, including insurance broking, over concerns that insurance premiums may not have been passed on to insurers. The case combines insolvency action with an earlier regulatory ban and an ongoing criminal process.
The UK Financial Conduct Authority said it has successfully applied to court to place Arthur Temlett into bankruptcy proceedings. Temlett traded as Abacus Insurance Consultants.
A Scottish sheriff approved the application on Aug. 27, 2026. Emma Porter was appointed trustee in bankruptcy and will assess Temlett’s financial position and distribute recovered funds to creditors.
Temlett is currently awaiting trial on embezzlement charges brought after an investigation by Police Scotland.
The FCA had previously taken action on Jan. 21, 2025, banning him from carrying out any regulated activities, including insurance broking, because of concerns that insurance premiums may not have been paid to insurers.
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