Standards Governance

Process and Standards Group (PSG)

Providing detailed Governance of the evolution of Criterion Standards.

Progress this Month:

The PSG last met in May.  Full Minutes from the Plenary and Focus Session are available from the PSG section of the Criterion website.

The PSG is progressing its annual project Prioritisation Exercise, outcomes from which will be discussed by the Group at its August meeting.  An Agenda and input documents will be issued in advance.

Future Milestones:

Meetings for 2021:

Wednesday, 18 August 2021 (Prioritisation Exercise)

Tuesday, 2 November 2021 (Focus Session)

Wednesday, 3 November 2021 (Plenary Meeting)

Standards Technical Architecture Group (STAG)

Providing technical Governance to Criterion Standards.

Progress this Month:

Further development of Criterion’s approach to extending technology support for Standards into JSON and OpenAPI.

Future Milestones:

Continued involvement in JSON & OpenAPI activities.

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

LoA Protection Fulfilment BRD Draft A published to Working Group and followed up by 1-to 1 sessions to obtain feedback.

Change Management

Delivered revised LoA Dc Pensions Fulfilment Standards as v1.1 Provisional 1 to incorporate Change Requests raised on LoA DC Pensions for LTA % and Tiered Charges raised by LV.

Future Milestones:

August: Analysis to continue and feedback from 1-2 1 sessions to be updated in a Draft B BRD and republished to Working Group along with LoA Protection Data Examples for review. Candidate Design to commence.

August: Future LoA project activity to be discussed at PSG as part of the annual Prioritisation Exercise. LoA Request seems a likely candidate at this time.

Occupation Codes List 2020 Update Implementation Group

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

Progress this Month:

Discussion on ability to support multiple versions.

Future Milestones:

August: Further meeting to be held on 24 August to continue discussions on the implementation of the v3.0 Occupation Codes List and monitor progress.

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 with activity to make FCA Reference changes to CE Standards line with agreed priority order.

Future Milestones:

August:  Continue with CE Standards which are next on the priority order list.

Group Risk Quotes

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

Progress this Month:

Data Analysis is progressing well with good engagement from Working Group. Weekly workshop have been held to perform deep dive into GRQ Non-Member Data and High Level Domain Model has been agreed with the Working Group.  Adviser firm, Kerr Henderson joined the GRQ Working Group.

Future Milestones:

August: Further meetings will be held with the Working Group to complete the deep dive exercise; BRD documentation will commence. Working Group has offered to provide examples of Quote Request Forms which will greatly assist the detailed data requirements.

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.

Deliverables/Documentation Published in July 2021

General Documentation

GRQ – New Business (updated) - Published on 13 July 2021

GRQ – Rate Review (updated) – Published on 13 July 2021

GRQ – Re-Pricing (updated) – Published on 13 July 2021

GIRG – Terms of Reference – Published on 15 July 2021

GRQ Non-Member Data Spreadsheet (updated) – Published on 29 July 2021

Group Risk Definitions of Classes of High Level Domain Model (updated) – Published on 29 July 2021

OCLI – Combined v2.0 & v3.0 List – Published on 30 July 2021


ProvideMoneyIn v1.0 Draft Final – Published on 5 July 2021

ProvideProductCharges v1.0 Draft A – Published on 6 July 2021

ProvideAdviceCharges v1.0 Draft Final – Published on 6 July 2021

ProvideAssetHoldings v1.0 Draft Final – Published on 6 July 2021

ReceiveLoAFulfilmentDCPensions v1.1 Provisional – Published on 6 July 2021

ProvideProductCharges v1.0 Draft Final – Published on 19 July 2021