This is a transcript of Figure 2 in the draft CDC code which sets out the main elements of sound scheme design and how they relate to each other.
The trustees’ viability report is supported by the trustees’ investment strategy, scheme actuary’s advice and legal advice regarding the scheme rules.
The investment strategy and scheme actuary’s advice are supported by modelling and testing.
The viability certificate will be provided for the viability report and will draw on the scheme actuary’s advice, modelling and testing of the scheme’s design and legal advice regarding the scheme rules.
The trustees’ investment strategy will be supported by investment advice.