Standards projects

Account Opening

A Standards Development project to develop an Account Opening Standard with a focused data content that will reduce the level of inconsistency experienced under the current FIT-based approach.


  • Business scope agreed by working group and PSG.
  • Limited feedback on technical solution options, 1-to-1 meetings have taken place - or are arranged - to obtain views on recommended approach.
  • Process and data analysis underway.
  • Regular monthly working group meeting held on 30 May.

Future milestones - June

  • Continue business process, requirements, data analysis and use case definition for inclusion in Business Requirements Document.
  • Hold 1-to-1 meetings where appropriate to discuss technical solution approach.
  • Obtain agreement on technical solution approach.
  • Regular working group meeting arranged for end of June.

Underwritten Protection Quotes

A Standards Development project to create a standard set of information to hold an underwriting decision in order that a premium can be generated in an underwritten quote.


  • Terms of Reference agreed with the Proposer and Seconder.
  • Initial Working Group Meeting held on 16 April. There was no agreement from the Group of what the scope should be. 
  • Following the meeting a scope options paper has been issued to the working group and PSG 
  • The PSG reviewed the scope options and requested evidence of demand for the changes that would allow an underwriting decision to be included within a quote request.

Future milestones - June

  • Development has been paused until adviser demand is fully understood.

Occupation Codes List

Update Implementation Group

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


The May RAG status questionnaire highlighted no new issues, so no meeting was held in May.

Criterion made the agreed changes to the five occupations discussed at April’s Working Group meeting.  

Future milestones - June

  • Monthly RAG status questionnaire to be issued.  
  • Next meeting will be held on 2 July to track progress towards implementation.

Group Risk Quotes and Placement

Project to develop Standards for Group Risk Quotes (GRQ); similar Re-Pricing and Rate Review processes; and Placement.


  • No activity taking place as project is on temporary hold until industry demand emerges.

Future milestones - June

  • Development work to be assessed in Q2.

Protection Policy Retention 

Project to develop standards supporting communication to advisers and other distributors of events in relation to protection policies that might put at risk continuing cover.


  • Development has been paused until adviser demand is fully understood and a clear steer on technical delivery is available.

BAU Change Requests

Ongoing activity in relation to maintenance of current Standards via change management process.


  • No CR activity during the month.

Future milestones - June

  • Commence activity to publish solutions for Change Requests (CRs) resulting from abolition of Lifetime Allowance (LTA) but not incorporate into the 8 Standards impacted until there is a business need to do so.

Standards published since last update:

Documents published since last update: