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 over the coming weeks 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 19 August and full minutes are available on the Criterion website.

Future Milestones
Meetings for 2020

Wednesday 4 November 2020

Equity Release Integration

Criterion has offered members of the Equity Release Working Group to provide Governance and Management of the Quotes and KFI Data Messaging Standard developed by IRESS as a Criterion Standards for the benefit of the Industry.

Progress this Month
Criterion has concluded an IP Transfer Agreement with IRESS so that the Quotes / KFI data integration designs created in the course of their Equity Release developments can be managed as an industry Standard.

Future Milestones

  • Complete a briefing with the IRESS team to facilitate Criterion’s understanding of the designs and underlying rationale.
  • Re-engage with lenders and other stakeholders regarding our approach to ongoing management.

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: Draft A XML and CSV Standards deliverables reviewed by Working Group . Good progress made on the Final Drafts of XML, CSV , JSON and API definition Standards.

Phase 2 – Investments: Work continues complete the BRD to include the Investment Charges following analysis data items and an approach agreed. Progress being made with the Draft A XML and CSV MIGs and Schemas.

Future Milestones

  • Conclude BRD for Phase 2.
  • Complete Standards Development for Phase 1 DC Pensions.
  • Complete BRD for Investment Fulfilment and continue the development  of Draft A Standards Deliverables for Investment Fulfilment and review Working Group.

Occupation Codes List 2020 Update

  • Completed review of the Occupation Codes List and final list issued to Working Group for a final review.
  • Discussions continued on the implementation approach for the v3.0 Occupations Codes List 2020.

Future Milestones

Hold further meeting on the 24 November to review, discuss and agree the implementation approach for the v3.0 Occupations Codes List 2020.

Deliverables/Documentation Published in October 2020

  • Wet Signature Applications Problem Definition Report published on 2 October 2020
  • v1.0 Draft Final - Letter of Authority Fulfilment BRD for DC Pensions published on 22 October 2020
  • Occupation Codes List Update – Full List with Changes published on 27 October 2020
  • PSG Change Request Report published on 29 October 2020

Standards Published in October 2020