COVID-19 Update

The Criterion team continues to work from home successfully in response to the current COVID-19 situation.

We are well placed to continue with our Standards commitments whilst recognising that operational constraints may make it harder for Working Group Members and other interested parties to engage with us fully.  We will continue with our deliveries and keep the PSG and other interested parties updated regarding any unavoidable impact.

Standards Governance

Progress this Month

The PSG last met on 3 February 2021. The Focus Session looked at Letter of Authority, whilst the Plenary session discussed the Standards Programme and ongoing projects.

Full minutes are available on the Criterion website.

Future Milestones

Meetings for 2021

  • Tuesday, 11 May 2021 (Focus Session)
  • Wednesday, 12 May 2021 (Plenary Meeting)
  • Wednesday, 18 August 2021 (Prioritisation Exercise)
  • Wednesday, 3 November 2021

Equity Release Integration

Criterion is forming a Governance Group to oversee the development and evolution of Standards for the Equity Release market, based initially on designs provided by IRESS.

Progress this Month

Criterion has secured commitment to participate from Aviva, Just and Key Group. Work underway to develop Criterion Standards artefacts based on the designs made available by IRESS.

Future Milestones

Complete adaptation of IRESS materials for use as Criterion Standards. Continue to develop industry participation in Governance Group.

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 1 – DC Pensions:  LoA DC Pensions Fulfilment Standards published at v1.0 Draft Final, Provide Money In and Provide Asset Holdings published at v1.o Draft A.
  • Phase 2 – Investments: Published Investments BRD at Draft Final; following some late additional requirements, rework carried out on XML and CSV Standards and progressing same on JSON and API Standards.
  • Phase 3 – Protection:  Analysis continuing and Data Requirements commenced.

Future Milestones

  • March: Deliver Investment Fulfilment CSV,XML, JSON and API Standards for LoA Investment Fulfilment and associated microservices.
  • Complete analysis on LoA Protection Fulfilment and Complete BRD work.

Occupation Codes List 2020 Update

Update of the Occupation Codes Standard used in quotations and new business processes.

Progress this Month

  • Occupation Codes List and final list issued to Working Group.
  • Discussions continued on the Implementation Approach for the v3.0 Occupation Codes List 2020.

Future Milestones

  • March: Complete the development of XML and CSV version of v3.0 of the Occupation Code List.
  • Communicate the Implementation Approach for the v3.0 Occupation Codes List 2020 to Standards Holders.

FCA Reference Number Change Requests

Amend existing Standards to support the 3 FCA Reference number related requirements via BAU Change Request process.

Progress this Month

Continued applying 3 FCA Reference changes to QNB Protection.

Future Milestones

  • March: Publish Provisional version of QNB Protection Standard.

Deliverables/Documentation Published in December 2020, January and February 2021

OCLUWG Terms of Reference – Published on 4 December 2020

BRD LoA Fulfilment Investments – Published on 9 December 2020

Common Transfer Declaration v2.9 Draft A – Published on 17 December 2020

Final Version of Occupation Codes List – Published on 18 December 2020

JSON OpenAPI Criterion Pilot Outline – Published on 18 December 2020

CAARG Interview Brief – Published on 22 December 2020

OCLUWG Implementation Approach – Published on 19 January 2021

Occupation Codes List – v2 and v3 with Changes – Published on 23 February 2021

PSG Proposal 2021 – Gender Neutral – Published on 23 February 2021


Common Transfer Declaration v2.9 Final - Published on 2 February 2021

Version 1.0 Draft Final of Receive LoA Fulfilment DC Pensions - Published on 26 February 2021