FCA Application Status News
Open Prepaid Funerals FCA Application Status
As we write this on the 4th April 2022 we can confirm that our application process for authorisation by the FCA continues and we're working through the stages with our case officer. It must be said that it's a full belt and braces approach from the FCA and given the recent events with the demise of Safe Hands that has to be a good thing.
We still don't have any clear idea as to when we'll hear that we're approved to continue operating after the 29th July but given the transparency and clarity of our business model, along with the positive position of our trust fund our compliance team and I remain confident in the process.
You can see the list of applications and their current status here https://www.fca.org.uk/consumers/funeral-plans/providers-list#what-it-means
At Open we only offer plans through independent funeral directors which we believe to be the best way to buy a funeral plan or digitally through our website where you will find funeral plans at funeral directors' prices.
- Posted 4th April 2022