The Building Blocks for e-Business

Our Standards are designed to meet the requirements of specific business processes, supporting a range of Retirement, Investment and Protection products.

This table illustrates the scope of the Standards; click or select one of the items to view more details.

Life, Pension & Investment Process
Quotes & New Business Tracking Contract Enquiry
Events Pension Transfer Collective Investment Bulk Order
Remote Publishing Commission Agency Code Population
Money Laundering Contract Enquiry Legal Framework Group Pensions

 

Quotes & New Business

Single Company, provides basis for Comparative services; full client side validation, supported in both on-line & off-line environments.

Includes:

  • Client details
  • Contribution Type & Frequency
  • Product details (Money In, Risk Benefit, Investment, Money Out, Existing policy, Illustration & basis, Commission)
  • Option of Quote Only
  • Print Only
  • Quote & Print
  • Product Definition (PAC definition)
  • Underwriting (PAC definition)
  • Proposal Submission
  • Distribution (PAC Handler)
  • Execution (PAC Handler), pre-population
  • Saving (PAC Handler), partially completed, completed
  • Printing (PAC Handler)
  • Product Provider Acknowledgement
  • ISML (For development of PAC functions above)
  • Declaration Approach
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Tracking

  • Request & Response for Contract Status
  • Summary or Full History response
  • Can be used on an adhoc basis by the IFA or proactively on status change by the Product Provider

Contract Enquiry

  • Request - Individual Contract, Individual Group Member, Individual Client Holdings
  • Group Scheme, All contracts serviced by a 3rd party
  • Response - Contract Detail, Contract Valuation Data, Fund Breakdown, Transaction History

Pension Transfer

  • Transfer from Group Personal Pension Schemes
  • Individual Personal Pension Schemes, Occupational Pension Schemes
  • Stakeholder, Additional Voluntary Contributions
  • Free Standing AVCs, Retirement Annuities, Retirement Annuity Contracts (Section 226)
  • Section 32 Buy-Out Bonds
  • Transfers to Group Personal Pension Schemes, Individual Personal Pension Schemes, Stakeholder
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Agency Codes

Interim solution. Facilitates pre-population of an Agency Code into a New Business PAC.


Collective Investment Bulk Order

  • Bulk IFA Purchase Order
  • Bulk IFA Sale
  • IFA Allocation of clients to a bulk client purchase

Remote Publishing

Provides Product Providers with a common and standard way to distribute their documents to their customers, across all Service Providers and Software Suppliers. Can also be used for publishing documents on their own internal (intranet) and external (extranet) Web sites. Documents include Key Features Documents, News Articles, and Product Descriptions.


Commission

Commission Transfer Message is sent by a Product Provider to convey settlement data to the intermediary for individual or group contracts covering a specified period.


Events

Collective Investments Fund Switches and Redemptions


Money Laundering

Money laundering requirements based on new guidelines from the JMLSG. An XML PAC is also available for integration with the New Business process.


Contract Enquiry Legal Framework

A three way legal framework that covers the contracts required between product provider and intermediary, product provider and trusted third party, and trusted third party and intermediary.


Group Pensions

Contribution Collection, details Remittance Advice/Expected Payment Schedule for Group Business.


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