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Current Project Activity

Here you can review the latest projects and their recent developments. Should you have any questions about any thing here please contact us.

 

Development Projects

Legal Framework General Data Protection Regulation Standards Development
 
 Project New Flag

 

The Origo Legal Framework (LF) Standards are widely implemented across the Origo Community so it is important that Origo and its Community are confident that they remain fit for purpose in light of the General Data Protection Regulations (GDPR) due to come into effect from 25th May 2018.

This development project will ensure that Origo Legal Framework Standard Agreements are updated to comply with the EU General Data Protection Regulations.  The scope will cover v2.0 and v3.0 of the Legal Framework as well as the Adviser Not Present and Automatic Enrolment Modules.  The project is scheduled to complete in January 2018.

 

 

Research Projects

 

PS17/12  
 Project Latest Flag

 

This research project is looking at the impact (if any) of PS17/12 Regulations (which come into effect in March 2018) on the Origo Standards and will produce an Impact Assessment Report with relevant recommendations.

PS17/12 includes a requirement on Annuity Providers to provide consumers with certain information on a prospective pension annuity purchase in A4 format as part of the Provider's annuity quote.  Importantly, it must include details of any income that would be missed out on if the Provider's quote is proceeded with in preference to the market-leading quote or guaranteed annuity rates to which the consumer is entitled.  It must also include information on how to shop around (Phone : 0800 138 7777 - the Money Advice Service https://www.moneyadviceservice.org.uk/en).

This research project will publish the Impact Assessment Report for consideration by the Industry Working Group highlighting the impact of this regulation on the Origo Standards and will make recommendation(s) (which may include raising Change Requests to update Origo Standards, most notably the Quotes Annuity Standard).

 

 
Medical Underwriting Lists On-Boarding  
 Project Latest Flag

 

The Medical Underwriting Lists (MULs) are used by Annuity Providers when performing underwriting of annuity products and consist of two lists:-

1. Medical Conditions List which contains approximately 2,600 medical conditions;

2. Medications List which contains approximately 3,200 medications.

These lists are currently referenced within the Origo Quotes and New Business Enhanced Annuity Standards.

At present, no single company is responsible for owning and maintaining the MULs and some Annuity Providers have requested that the MULs would be more effectively managed as an Origo Standard.  To do this, work is being progressed to migrate the MULs to the Origo Standards Library.

 
   
 

 

 
   
 

 

 

 

 
   
     
   
     

 

Origo Standards