Standards projects
Post Quote Annuity Application Data
Develop a new standard to enable advisers, using a portal or adviser software, to supplement an existing guaranteed quote reference with the additional non-quote data required to populate the annuity application.
Progress
- A meeting was held on 15 December 2025 to discuss potential requirements from previously raised new business Change Requests (CRs) and the review of provider application forms.
- Work continued developing business and data requirements.
Future milestones - January
- Draft Business Requirements Document to be issued for working group review.
Platform Account Opening
Develop a Platform Account Opening (PAO) Standard with a focused data content that will reduce the level of inconsistency experienced under the current FIT-based approach.
Progress
- Further requests have been made for industry participants to review Draft B Standards material, which was published earlier in the year, and provide comments - little feedback from working group has been received to date.
Future milestones - January:
- Hold 1-1 meetings with working group members as required.
- Assess industry feedback.
- Respond to requests for access to Draft B PAO Standard.
Document Access
Develop a standard to enable advisers, through their practice management software, to digitally obtain secure client documents from a provider or platform’s document store on behalf of their clients.
Progress
- No further development activity has recently been untaken on the Document Access Standard.
- Draft A of the Document Access Standard remains published on the website and is available for review to members who are LPI license holders.
Future milestones - January
- Assess any industry feedback received on the Draft A Standard.
- Hold 1-1 meetings with working group members as required.
- Respond to requests for access to the Draft A Standard.
- Where possible, determine industry implementation plans.
Occupation Codes List Implementation Group
Support industry adoption of the revised Occupation Codes List Standard used in quotations and new business processes.
Future milestones - January
- Criterion will raise CRs for the changes highlighted during the implementation phase for consideration in the next review, proposed for August 2028.
- No further activity is expected beyond raising CRs.
BAU Change Requests
Ongoing activity in relation to maintenance of current standards via change management process.
Progress
- CR requirements for New Business Annuities are being incorporated into the Annuity Application development, and will not be made to the existing New Business Annuity Standard.
- No further progress has been made on the Quotes Annuity CRs given the current focus on Annuity Application development.
Future milestones - January
- Continue with Quotes Annuity CRs project activity should time be available, given the priority is the Annuity Application Standard development.
