Standards Governance

Process and Standards Group (PSG)

Providing detailed Governance of the evolution of Criterion Standards.

Progress this Month:

The PSG met on 10 and 11 May. Input papers and full minutes are available to those who have access.

The PSG will consider outcomes from this year’s annual project prioritisation exercise at its August meeting. 

Future Milestones:

Meetings for 2022:
  • Wednesday, 17 August 2022 (Prioritisation Exercise)
  • Tuesday, 1 November 2022 (Focus Session)
  • Wednesday, 2 November 2022 (Plenary Meeting)

Standards Technical Architecture Group (STAG)

Providing technical Governance to Criterion Standards.

Progress this Month:

  • No STAG business currently in progress.

Future Milestones:

  • Criterion will continue to liaise with the STAG on the technical direction of Standards, and how the emergence and adoption of new technologies will shape their future.

Standards Activities

Letter of Authority Standards Development

Development project to develop Standards to support the Letter of Authority fulfilment process for DB, DC pensions, annuities, protection and investment products.

Progress this Month:

  • Phase 3 – Protection: Awaiting confirmation from Working Group if demand exists for OpenAPI and JSON versions of LoA Protection Standards.
  • Phase 4 – LoA Request: Following the sign off of the candidate design we continue with the technical development stage of LoA Request Standards.

Future Milestones:

  • August: Schedule OpenAPI and JSON version of Protection Standards once demand confirmed.
  • August: Progress technical development of Draft A LoA Request Standards.

Occupation Codes List 2020 Update Implementation

Supporting industry adoption of the revised Occupation Codes Standard used in quotations and new business processes.

Progress this Month:

  • Criterion shared details of the proposed implementation window.

Future Milestones:

  • August: A further meeting to be arranged to confirm the implementation approach.

Group Risk Quotes

Standards Development project to develop Standards for Group Risk Quotes (GRQ) and Rate Review or Re-Pricing.

Progress this Month:

  • Candidate Design document completed and awaiting technical QA.

Future Milestones:

  • August: The candidate design for GRQ GLA for New Provider will be published to the Working Group for review before the end of August.
  • August: Analysis of Rate Review and Repricing process and data requirements will be commenced.

BAU Change Requests

  • FCA Reference Number changes.
  • Quotes New Business Protection CRs

Progress this Month:

  • Further progress on finalisation of Quotes New Business Standards update with FCA Reference changes in Q1 2021.
  • Continued with work to make smoker question change to Quotes New Business Protection Standard.

Future Milestones:

  • August: Continue FCA Reference changes to Contract Enquiry Standards.
  • August: Publish Quotes New Business Protection provisional build with smoker questions included.

Deliverables/Documentation Published in July 2022

  • PSG project prioritisation exercise – input materials.

Standards Published in July 2022

  • None.