Following the successful launch of our Letter of Authority (LoA) Data Checklist for DC pensions, we have developed a new version tailored specifically for the protection market. This next step builds on the strong momentum and positive feedback we received from advisers, compliance teams, and providers who embraced the DC pensions checklist.
The LoA Data Checklist provides clear, accessible format, specifically a spreadsheet, to help reduce administrative burden, improve data quality, and drive industry-wide adoption of standardised practices.
Nick Green, Strategy and Proposition Director:
We always said that if the DC pension checklist was successful, we would expand this approach, based on our data integration standards, to cover other product types. Protection is the next natural step - another key area where LoA standardisation can make a real difference for advisers and providers alike.
Our new Protection LoA Data Checklist follows the same principles:
- Focus: it’s designed with advisers and compliance professionals in mind, with just what’s needed to get the job done efficiently.
- Practicality: it presents the key data elements expected in LoA responses, in a format that’s simple to use in day-to-day workflows.
- Impact: by setting a clear, adviser-friendly benchmark, it encourages providers to deliver better quality data, and ultimately to implement integrated, Standards-based LoA functionality.
This new checklist not only supports advisers working with protection products but also continues our broader mission: to embed industry-wide consistency in data exchange through real, usable tools.
We believe both checklists have the potential to deliver the benefits of faster processing, reduced rework, and a clearer path to standardisation. If you're working in protection, we invite you to explore the checklist, share your feedback, incorporate it into your workflows, and help us push for a standardised approach to LoAs.
