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Standards Updates January 2014

Please see below for the latest updates and progress on our Standards. If you'd like further information on anything identified below please contact Karen.

New Standards Holders in January

Glennan Wealth Management Ltd

2 Plan Wealth Management Ltd

Clarity Wealth Management LLP

UnderwriteMe

Independent Financial Strategies Ltd

PSG Update General

The next PSG Meeting is scheduled to take place at Plum Software in Coventry on Wednesday, 12th February 2014.

An Agenda and supporting documentation have been published to our website via the following link:-

http://origoservices.com/OurGroups/ProcessandStandardsGroup(PSG)/Meetings/PSG_2014_02_12.aspx

Standards Update

Auto Enrolment Development

Update:

An End Stage Report has been issued to the Working Group.  No further activity is anticipated by the Working Group unless significant feedback is received during the period of Industry Review initiated by the End Stage Report.

Plans for February:

None anticipated.

Auto Enrolment Implementation

Update:

A further Implementation Group discussion took place on 28th January 2014, looking at a number of implementation and interpretation issues.  A repeat of last November's Implementation Intentions Survey anticipated for February, along with another Group conference call.

Plans for February:

Implementation Intention Survey to be completed with a further Group meeting.

Legal Framework Development

Update:

A meeting of the Development Group was held at the end of January in Edinburgh to finalise requirements and work on the principles of the extended Legal Framework.

Based on that meeting, Pinsent Masons has begun work on a Principles document which will be issued to the Development Group.

Plans for February:

The Principles document will be issued to the Development Group and a conference call will be held to review it.  This will allow Pinsent Masons to begin work on the initial draft of the extended Legal Framework.

Pre-Population Development Phase 2

Update:

The Working Group has approved Finalisation of the published Draft Final Data Patterns and supporting documentation.

Plans for February:

The Final version will be published by Origo.

Contract Enquiry Multi Contract Research

Update:

This project was completed in December 2013.

Plans for February:

In line with the recommendations of the Research Group, SAC approval has been gained for a Wraps Transaction History Development project.

Contract Enquiry Multi Account Wrap

Update:

A Working Group meeting was held on 29th January 2014.

A new cut off date for comments on v1.0 Draft A of the Standard has been set for 12th February 2014.

Plans for February:

After 12th February, work will commence on the Draft Final version of CEMAW and related Standards.

In the meantime, the new CEMAW CR from Standard Life will be analysed and if possible added at Draft Final.  Depending on any comments received by 12th February, a conference call may be arranged for 19th - 21st February to discuss them.

The Project Plan has been amended to allow for some supporting documents to be published with Draft Final instead of later.

The new proposed publication date for Draft Final is 25th March 2014.

Two Way New Business Research

Update:

An updated Problem Definition Report was circulated to the Group for consideration and this was discussed at a conference call held on 6th February 2014.

Plans for February:

The Final Draft of the 2WNB Problem Definition Report with recommendations will be published for circulation to the PSG and SAC.

Adviser Not Present Research

Update:

Research Project set up and kick off meeting was held on 4th February 2014 to discuss the Terms of Reference (ToR) and Project Initiation Document (PID).

Plans for February:

Origo to published a revised ToR and PID to the Research Group and commence impact analysis on all of the Origo Standards.

Evidence of Customer Agreement Research

Update:

Kick off meeting was held on the 9th January 2014 and the ToR and PID were signed off.

A Questionnaire was issued to Research Group members to obtain information on what they are currently doing with obtaining customer agreement using non-wet signature approaches.

Plans for February:

Continue with analysis and compiling the Problem Definition Report including questionnaire responses.

Documents Issued in January

Evidence of Customer Agreement Project Initiation Document - Updated and issued on 13th January 2014.

Evidence of Customer Agreement Terms of Reference - Updated and issued on 13th January 2014.

Evidence of Customer Agreement e-Signature Problem Definition Report - Issued on 13th January 2014.

Evidence of Customer Agreement e-Signature Consultation Paper - Issued on 13th January 2014.

Auto Enrolment Salary And Earnings Data - Issued on 17th January 2014.

Adviserwise Refresh - Issued on 29th January 2014.

Two Way New Business Project Definition Report - Issued on 21st January 2014.

Legal Framework Development Business Requirements Document - Issued on 22nd January 2014.

Standards Delivered in January

Provide Contract Valuation for Multi Wrap Accounts v1.1 Draft A - Delivered on 22nd January 2014

cemawCRs.pdf

ProvideContractValuation.wsdl

ProvideContractValuationGetMultiWrapRequest.pdf

ProvideContractValuationGetMultiWrapRequestMTG.xsd

ProvideContractValuationGetMultiWrapRequestSOAP.xsd

ProvideContractValuationGetMultiWrapResponse.pdf

ProvideContractValuationGetMultiWrapResponseMTG.xsd

ProvideContractValuationGetMultiWrapResponseSOAP.xsd

ProvideContractValuationReceiveMultiWrapRequest.pdf

ProvideContractValuationReceiveMultiWrapRequestMTG.xsd

ProvideContractValuationReceiveMultiWrapRequestSOAP.xsd

ProvideContractValuationReceiveMultiWrapResponse.pdf

ProvideContractValuationReceiveMultiWrapResponseMTG.xsd

ProvideContractValuationReceiveMultiWrapResponseSOAP.xsd

ProvideContractValuationRetrieveMultiWrapRequest.pdf

ProvideContractValuationRetrieveMultiWrapRequestMTG.xsd

ProvideContractValuationRetrieveMultiWrapRequestSOAP.xsd

ProvideContractValuationRetrieveMultiWrapResponse.pdf

ProvideContractValuationRetrieveMultiWrapResponseMTG.xsd

ProvideContractValuationRetrieveMultiWrapResponseSOAP.xsd

ProvideContractValuationTypes.xsd

Contract Enquiry Wrap Valuation v1.1 Draft A - Delivered on 22nd January 2014

CE_MultiWrap_Valuations_Business_Requirements.pdf

CE_SingleWrap_Valuations_Business_Requirements.pdf

MultiWrapProcessDesign.pdf

SingleWrapCandidateDesign.pdf

Provide Contract Valuation for Single Wrap Accounts v1.1 Draft A - Delivered on 29th January 2014

cemawCRs.pdf

GetWrapValuationMTGRequest.xsd

GetWrapValuationMTGResponse.xsd

GetWrapValuationRequest.pdf

GetWrapValuationRequest.xsd

GetWrapValuationResponse.pdf

GetWrapValuationResponse.xsd

ProvideContractValuation.wsdl

ProvideContractValuationTypes.xsd

ReceiveWrapValuationMTGRequest.xsd

ReceiveWrapValuationMTGResponse.xsd

ReceiveWrapValuationRequest.pdf

ReceiveWrapValuationRequest.xsd

ReceiveWrapValuationResponse.pdf

ReceiveWrapValuationResponse.xsd

RetrieveWrapValuationMTGRequest.xsd

RetrieveWrapValuationMTGResponse.xsd

RetrieveWrapValuationRequest.pdf

RetrieveWrapValuationRequest.xsd

RetrieveWrapValuationResponse.pdf

RetrieveWrapValuationResponse.xsd

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