News and events
PSG Update - January 2026
This is the January Process and Standards Group update.
Standards projects
Annuity Application (Previously Post Quote Annuity Application Data)
Develop a new standard to enable advisers, using a portal or adviser software, to supplement an existing guaranteed quote reference with the additional non-quote data required to populate the annuity application.
Progress
- The draft Business Requirements Document was issued to the working group at the end of January for review.
Future Milestones- February:
- A meeting has been arranged for the 17 February to review the draft Business Requirements Document.
Platform Account Opening
Develop a Platform Account Opening (PAO) Standard with a focused data content that will reduce the level of inconsistency experienced under the current FIT-based approach.
Progress
- Further requests have been made for industry participants to review Draft B Standards material, which was published earlier in the year, and provide comments. Little feedback from working group has been received to date.
Future Milestones - February:
- Hold 1-1 meetings with working group members as required.
- Assess industry feedback.
- Respond to requests for access to Draft B PAO Standard.
Document Access
Develop a standard to enable advisers, through their practice management software, to digitally obtain secure client documents from a provider or platform’s document store on behalf of their clients.
Progress
- No further development activity has recently been untaken on the Document Access Standard.
- Draft A of the Document Access Standard remains published on the website and is available for review to members who are LPI license holders.
Future Milestones - February:
- Assess any industry feedback received on the Draft A Standard.
- Hold 1-1 meetings with working group members as required.
- Respond to requests for access to the Draft A Standard.
- Where possible, determine industry implementation plans.
BAU Changes
Ongoing activity in relation to maintenance of current Standards via change management process.
Progress
- Change Request (CR) requirements for New Business Annuities are being incorporated into the Annuity Application development, and are not planned to be made to the existing New Business Annuity Standard.
- No further progress has been made on the Quotes Annuity CRs given the current focus on Annuity Application development.
Future milestones - February:
Continue with Quotes Annuity CRs project activity should time be available, given the priority is the Annuity Application Standard development.
Standards and other documents published
Standards published:
