The market practice was initially aimed at trust-based defined-contribution occupational pensions where it has been very widely adopted but its use has already spread to the defined-benefit pensions and the mainstream retail investment world.

The current version, 5.02, was introduced in November 2017 in-line with a new version of the underlying ISO messages. The standard has been split into two documents in the latest revision – the core business requirements and the detailed ISO20022 message mapping.

Further details on the ViaNova working group can be found here: www.vianova.org.uk

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