Applications cannot be accepted or KFIs generated for new business and it is unable to issue offers on any applications it has been processing.
It will honour cases where an offer has been issued to a customer and
process it through to completion.
It will also refund the valuation fee on any cases submitted but not offered.
The suspension applies to both the Retirement Plus Open Options Property Plan and the Open Options Impaired Life Property Plan.
A spokeswoman for Retirement Plus says the move is necessary while it seeks additional funding.