SaGE is the Governance body that advises on the Programme that delivers Criterion’s Business Plan.
Providing detailed Governance of the evolution of Criterion Standards.
The STAG will work within the business scope of the PSG and will complement the PSG by providing the technical strategy for business projects.
Development Project to develop Standards to support the Letter of Authority fulfilment process.
Group Risk Standards to support the Mid Term Changes process.
Governance and Management of the Quotes and KFI Data Messaging Standard developed by IRESS.
Management of the evolution of the Criterion Common Declarations for the benefit of the industry.
Update of the Occupation Codes Standard used in quotations and new business processes.
Reviewing recent developments, removing Wet Signatures to help in the e-enablement of processes that currently require human intervention.
Research into opportunities to drive more commonality into Annuity Application processes, and the benefits in doing so.
The Process & Standards Group approved the development of Standards to support the Mid Term Changes process; these were delivered at Draft Final in January 2020, following which market stakeholders confirmed an appetite to develop Standards for Quotations and associated processes, including rate review.
This Group will allow the sharing of best practice on Occupation Codes List implementation with all interested parties and provide a forum for open and appropriate communications for organisations implementing v3.0.
Members of Criterion’s community feel that there is a need to understand the impact on delivering appropriate and relevant support to the financial services market for individuals who identify as non–binary or do not want to be identified by a particular gender.
The purpose of the ERASGG is to manage the evolution of Criterion’s API Standards in the Equity Release market for the benefit of all participants. Membership of the Group is open to all Licence Holders.