Structure Changes and Data Enhancements. 7 November 2018

Transcription

1 Structure Changes and Data Enhancements 7 November 2018

2 Table of Contents Table of Contents Introduction New Columns Banking General Insurance Protection Wealth Management Column Deletions Banking General Insurance Protection Column Replacements Banking Column Data Type Changes Banking Page 2 of 13

3 1 Introduction This document describes data structure changes that have recently been made to Defaqto Matrix tables. These changes have been made to broaden the data, enhance filtering, improve consistency, and in some cases remove data that is no longer relevant. If you have any questions relating to these changes, please contact Customer Success on or at 2 New Columns The following columns were introduced to Matrix between 30 July 2018 and 06 November Descriptions for what these columns mean can be found by hovering over the column headings in Matrix. 2.1 Banking The following columns were added as part of a consistency review across the Banking tables: Business Instant Access/No Business Instant Access/No Business Business Business Business Business Business Business Business Business Account Type Withdrawal Conditions Maximum Balance Withdrawal Conditions Mobile Phone App Minimum Age Maximum Age Interest Paid to Other Account Interest Paid to Bank Account Charging Periods Closure Notice / Penalty / Charge Closure Notice Closure Penalty Closure Charge Min Number of Payments Missed Payments Closure Notice / Penalty / Charge Closure Notice Closure Penalty Page 3 of 13

4 Children's Instant Access/No Children's Instant Access/No Children's Instant Access/No Children's Instant Access/No Children's Instant Access/No Children's Instant Access/No Instant Access/No Closure Charge Basis Basis Closure Notice / Penalty / Charge Closure Notice Closure Penalty Closure Charge Basis Bill Payment Methods Alert Methods Alert Types Online Statement Types Available Mobile App Available Mobile App Cash Flow Facilities Mobile App Money Transfers Mobile App Card Security Mobile App BiometricSecurity Joint Accounts Number of Free Duplicate Statements Available Authenticated Statements Free Foreign Drafts Faster Payments Service Branch Limit Faster Payments Service Phone Limit Faster Payments Service Online Limit Faster Payments Service Mobile App Limit Pots Cheque Imaging Mobile App Cheque Imaging Money Management Tool Mobile App Card Security Mobile App Biometric Security Mobile App Bill Splitting Tool Page 4 of 13

5 Instant Access/No Instant Access/No Personal Loan Personal Loan Personal Pension Plan Personal Pension Plan Personal Pension Plan Personal Pension Transfer Plan Personal Pension Transfer Plan Basis Closure Notice / Penalty / Charge Closure Notice Closure Penalty Closure Charge Rate Type New Money To Provider Only Minimum Balance Basis Withdrawal Conditions Maximum Number of Withdrawals Per Year Rate Type New Money To Provider Only Basis Closure Notice / Penalty / Charge Closure Notice Closure Penalty Closure Charge Term in Months Rate Type New Money To Provider Only Minimum Balance Basis Overpayment Options Online Statement Types Available CPI Escalation Premium Loyalty Discount or Bonus Available Lifestyle Terms Loyalty Discount or Bonus Available Lifestyle Terms Page 5 of 13

6 Term in Months Basis Closure Notice / Penalty / Charge Closure Notice Closure Penalty Closure Charge Foreign Drafts Mobile Payments Mobile Phone App App Limit ATM Withdrawals App Limit Online Transactions Incentive Home Insurance Incentive Holiday or Travel Discount Incentive Other Identity Theft Alerting Basis 2.2 General Insurance The following columns were added to react to a change in the market: High Net Worth Home Policy High Net Worth Home Policy Jewellery Extended Replacement(%) Jewellery Extended Replacement basis Page 6 of 13

7 2.3 Protection The following columns were added to capture critical illness definitions that are now available: Long Term Care Option Facial Reconstruction Surgery Necrotising Fasciitis Primary Sclerosing Cholangitis Long Term Care Option Facial Reconstruction Surgery Necrotising Fasciitis Primary Sclerosing Cholangitis Long Term Care Option Facial Reconstruction Surgery Necrotising Fasciitis Primary Sclerosing Cholangitis Long Term Care Option Facial Reconstruction Surgery Necrotising Fasciitis Primary Sclerosing Cholangitis 2.4 Wealth Management The following columns were added for consistency: Investment ISA Investment ISA SIPP SIPP SIPP Small Self Administered Schemes Small Self Administered Schemes Small Self Administered Schemes Small Self Administered Schemes Loyalty Discount or Bonus Available Lifestyle Terms CPI Escalation Premium Loyalty Discount or Bonus Available Lifestyle Terms Automated Full Crystallisation Number of Automated Encashment Frequency Options Targeted Encashment Automated PCLS Page 7 of 13

8 3 Column Deletions The following columns were removed from Matrix between 07 August 2018 and 05 November Banking The following foreign transaction charge columns will be removed and replaced with new columns that show more detail: ATM Charge - (EU) ATM Charge - (World) Debit Card Charge Europe Debit Card Charge World Foreign Exchange Fee (%) (EU) Foreign Exchange Fee (%) (World) ATM Charge - (EU) ATM Charge - (World) Debit Card Charge Europe Debit Card Charge World Foreign Exchange Fee (%) (EU) Foreign Exchange Fee (%) (World) ATM Charge - (EU) ATM Charge - (World) Debit Card Charge Europe Debit Card Charge World Foreign Exchange Fee (%) (EU) Foreign Exchange Fee (%) (World) ATM Charge % Europe ATM Charge % World Debit Card Charge Europe Debit Card Charge World Foreign Exchange Fee % Europe Foreign Exchange Fee % World Page 8 of 13

9 3.2 General Insurance Following a review of the relevance of each attribute in the Travel Insurance tables by our Insight team, it has been decided to withdraw the following columns: Missed UK Connection Cover Basis Missed Departure Cover Basis Scheduled Airline Failure Cover Airspace Closure Cover Basis EMB Airspace Closure Enforced Stay Abroad Cover Basis Financial Failure Cover Basis Catastrophe Cover Basis Mugging Cover Basis Hijack Cover Basis No Money Cover Discount Missed UK Connection Cover Basis Missed Departure Cover Basis Scheduled Airline Failure Cover Airspace Closure Cover Basis EMB Airspace Closure Enforced Stay Abroad Cover Basis Financial Failure Cover Basis Catastrophe Cover Basis Mugging Cover Basis Hijack Cover Basis No Money Cover Discount Page 9 of 13

10 3.3 Protection Following a review of the relevance of each attribute in the Protection tables by our Insight team, it has been decided to withdraw the following columns: Critical Illness Critical Illness Critical Illness Gift Inter Vivos Plan Gift Inter Vivos Plan Income Protection Insurance Plan Individual PMI Plan Individual PMI Plan Individual PMI Plan Individual PMI Plan Individual PMI Plan HM Treasury Simple Product Initiative Joint Life Same Sex Premium Term < Term Packaged Policy Joint Life Same Sex Premium Term < Term Unit Linked Plan Packaged Policy Joint Life Same Sex Premium Term < Term Unit Linked Plan Joint Life Same Sex Premium Term < Term Packaged Policy Fertility Treatment Low Claims Discount Non-Smoker Cashback Payment Method Discount Waiver of Premium Packaged Policy HM Treasury Simple Product Initiative Joint Life Same Sex Premium Term < Term Unit Linked Plan Packaged Policy Joint Life Same Sex Premium Term < Term Page 10 of 13

11 4 Column Replacements The following column replacements were made in Matrix between 07 August 2018 and 05 November Banking The following columns will be replaced for consistency with other tables: Current New Adverse Credit Mortgage Adverse Credit Mortgage Let-to-Buy Mortgage Let-to-Buy Mortgage Term of Early Redemption Charge Term of Early Redemption Charge Term of Early Redemption Charge Term of Early Redemption Charge ERC Term (months) ERC End Date ERC Term (months) ERC End Date Let-to-Buy Mortgage Rental Income Allowed Eligibility Assessment Let-to-Buy Mortgage Rental Income Allowed Rental Income % Self Build Mortgage Self Build Mortgage Term of Early Redemption Charge Term of Early Redemption Charge ERC Term (months) ERC End Date The following columns will be replaced to improve consistency with other tables and ensure the correct date format is used: Current New Buy-to-Let Mortgage Minimum Rate Term (Date) Min Rate Date Discount Rate Mortgage Minimum Rate Term (Date) Min Rate Date Fixed Rate Mortgage Min Rate Term (date) Min Rate Date Standard Rate Mortgage Minimum Rate Term (Date) Min Rate Date Stepped Rate Mortgage Minimum Rate Term (Date) Min Rate Date Page 11 of 13

12 5 Column Data Type Changes The following column data type changes were made in Matrix between 07 August 2018 and 05 November Banking A new entry value of 'discount' will be added to the following columns for consistency with other tables: Adverse Credit Mortgage Buy-to-Let Mortgage Fixed Rate Mortgage Let-to-Buy Mortgage Self Build Mortgage Standard Rate Mortgage Stepped Rate Mortgage A new entry value of 'na' will be added to the following columns for consistency with other tables: Discount Rate Mortgage Rate Type Discounted From A new entry value of 'ns' will be added to the following columns for consistency with other tables: Fixed Rate Mortgage Stepped Rate Mortgage Self Employed Self Employed A new entry value of 'capped' will be added to the following columns for consistency with other tables: Buy-to-Let Mortgage Second Step Type Page 12 of 13

13 A new entry value of 'libor' will be added to the following columns for consistency with other tables: Stepped Rate Mortgage Stepped Rate Mortgage Stepped Rate Mortgage Third Step Type Fourth Step Type Fifth Step Type A new entry value of 'only' will be added to the following columns for consistency with other tables: Adverse Credit Mortgage Let-to-Buy Mortgage Self Build Mortgage Self Employed Self Employed Self Employed To conform with new FCA terminology, the following columns' entry values will be changed to refer to 'arranged' overdrafts instead of 'auth' as they do now: Interest Free Overdraft Calculation Overdraft Buffer Apples To Interest Free Overdraft Calculation O/D Buffer Applies To Page 13 of 13