Section 221A Funding and investment strategy

the funding level the trustees or managers intend the scheme to have achieved as at the relevant date or relevant dates, and

the investments the trustees or managers intend the scheme to hold on the relevant date or relevant dates.

“funding level” means the ratio of the scheme's assets to its liabilities;

“relevant date” means a date determined in accordance with regulations.

requiring the trustees or managers of a scheme, in determining or revising a funding and investment strategy, to take into account prescribed matters and follow prescribed principles;

as to the level of detail required in a funding and investment strategy;

as to the period within which a funding and investment strategy must be determined;

requiring a funding and investment strategy to be reviewed, and if necessary revised, at such intervals and on such occasions as may be prescribed.