Standards Governance

Process and Standards Group (PSG)

Providing detailed Governance of the evolution of Criterion Standards.

Progress this Month:

The PSG last met on 2 February. Input papers and full Minutes are available on Criterion’s website. The Group also held a Focus Session on the Market Landscape Review, which will create a new baseline for Criterion’s understanding of key dynamics in UK Financial Services.

The Group will next meet on 10 and 11 May, with Agenda and input papers to be provided in due course.

Future Milestones:

Meetings for 2022:

  • Tuesday, 10 May 2022 (Focus Session)
  • Wednesday, 11 May 2022 (Plenary Meeting)
  • 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 Standard to support the Letter of Authority fulfilment process for DB, DC Pensions, Annuities, Protection and Investment Products.

Progress this Month:

  • Phase 3 – Protection: Final touches to the LoA Protection Standards have been worked on and QA completed.
  • Phase 4 – LoA Request: The LoA Request Candidate Design was issued to the Working Group for review.

Future Milestones:

  • May: LoA Protection Standards will be published to the industry at Draft A.
  • May: The LoA Request Candidate Design will be reviewed by the Working Group and signed off.

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:

  • A set of questions was issued to the Product Providers in the Working Group, to establish the earliest dates that they feel they would be able to support Codes & Descriptions from both versions 2.0 and 3.0 of the Occupation Codes List.

Future Milestones:

  • May: A meeting is planned for the 31st May to discuss the implementation window for the Product Providers to make changes to support V2 & V3 of the list.

Group Risk Quotes

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

Progress this Month:

  • The GRQ GLA New Provider BRD was published to the Working Group and a review meeting was held. Due to provider commitments additional review time was requested and agreed.

Future Milestones:

  • May: Two review meetings will be held to review the BRD Request Data Items and Response Data Items respectively.

BAU Change Requests

  • FCA Reference Number changes.
  • FIT Data Pattern changes.
  • Quotes New Business Protection CRs

Progress this Month:

  • Further progress made in relation to CRs of FIT Data Patterns including FCA Reference changes.
  • PSG approved finalisation of QNB Standards with FCA Ref CRs (excepting QNB Protection).
  • PSG recommended progressing with Enhanced CIC and Smoker questions CRs to Quotes New Business Protection.

Future Milestones:


  • Continue with changes to FIT Data Patterns.
  • Continue finalisation process for Quotes New Business Standards that were updated with FCA Reference changes in Apr/May 2021.
  • Discuss QNB Protection CRs with the PSG.

Deliverables/Documentation Published in April 2022

  • GIRG Updated Problem Definition Report – Published on 7 April 2022
  • DFMMPMWG Process Workshop Inputs – Published on 25 April 2022
  • CR 1682 Enhanced CIC Quotes Published on 26 April 2022
  • Change Request PSG Report 26042022 – Published on 26 April 2022
  • Gender Identity Problem Definition Report – Published on 26 April 2022
  • Regulation Radar May 22 – Published on 26 April 2022
  • GRQ GLA New Provider Business Requirements Document Draft A – Published on 28 April 2022

Standards Published in April 2022

  • CE Bulk Valuations v1.1 Final – Published on 7 April 2022
  • Flexible Integration Toolkit v3.2 Final – Published on 8 April 2022
  • Flexible Integration Toolkit v3.3 Provisional – Published on 8 April 2022