Standards Governance

Process and Standards Group (PSG)

Providing detailed Governance of the evolution of Criterion Standards.

Progress this Month:

The PSG last met on 12 May, where key topics included the Annual Project Prioritisation Exercise for 2021, updates in train to Criterion Bulk Data Standards, and outcomes from recently completed research into the Annuity Application process.  The PSG also held a Focus Session on 11 May, looking at how evolving gender identity may drive change in Criterion's Standards.

Full Minutes from both sessions are available from the PSG section of the Criterion website.

Future Milestones:

Meetings for 2021:

Wednesday, 18 August 2021 (Prioritisation Exercise)

Wednesday, 3 November 2021, plus Focus Session TBC.

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

  • Analysis continuing and Data Requirements commenced. 
  • Meeting organised for early June to review data requirements.
  • Two Change Requests raised by LV= on v1.0 Draft Final of DC Pensions Fulfilment Standards.

Future Milestones:

June : Work planned on Change Requests raised on LoA DC Pensions for LTA % and Tiered Charges raised by LV=.

June : Produce Data Sample and continue analysis on Protection Data items, commence BRD work.  Feedback from Working Group has been low to date on Protection, so a ore targeted approach to the BRD review will be adopted.

June : Still awaiting some Working Group Members to advise their view of priorities for future LoA phases.

Occupation Codes List 2020 Update Standards Development

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

Progress this Month:

Contact made with Working Group to arrange an Implementation Group kick-off call for early June.

Future Milestones:

June : Meeting arranged for 8 June with the Implementation Group to commence implementation of the v3.0 Occupation Codes List.

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:

  • Published provisional versions of QNB Standards.
  • Developing priority order of remaining Standards.

Future Milestones:

May : Publish Provisional versions of CE Standards.

Group Risk Quotes

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

Progress this Month:

One to one calls were held to discuss end to end Group Risk Quotes process and Process Diagrams documented.

Future Milestones:

  • June : Publish Group Risk Process Diagrams to Working Group for review and arrange meeting for 22 June 2021 for a walk through discussion.
  • Commence data analysis.

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 May 2021

General Documentation

Standards Programme Plan – June – Published on 27 May 2021

Bulk_Valuations_Potential_Solution_CR1652+.xlsx – Published on 14 May 2021

BulkValuations.xsd – Published on 14 May 2021

PSG_Proposal_2021_01_Gender_Identity – Published on 10 May 2021


Flexible Integration Toolkit (FIT) v3.2 Final – Published on 28 May 2021

NB CIV v3.9 Provisional – Published on 26 May 2021

NB Endowments v3.9 Provisional – Published on 26 May 2021

Quotes Endowments v3.9 Provisional – Published on 26 May 2021

NB Bonds v3.9 Provisional – Published on 11 May 2021

Quotes Bonds v3.9 Provisional – Published on 11 May 2021