Authorisation criteria

Criteria for fitness and propriety, systems and processes, member communications, continuity strategy, financial sustainability and sound scheme design.

Authorisation criteria: overview
Overview of the criteria that we will use to assess collective defined contribution (CDC) schemes applying for authorisation.
Fitness and propriety
Who we assess, how we assess fitness and propriety, trustee competence and the conduct of individuals involved.
Systems and processes
IT functionality and maintenance, scheme governance, policies and procedures, and member communications.
Financial sustainability
Financial resources, other ways of meeting scheme costs, employer support, Costs, Assets and Liquidity Plan, and financial reserves.
Continuity strategy
Continuity strategy, preparing for a triggering event and the three continuity options if a triggering event occurs.
Sound scheme design
Sound design of a collective defined contribution scheme including the viability report, viability certificate and investment strategy.

Authorisation criteria

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Authorisation criteria

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