Queen of Puddings recipe advice wanted?

[anon_guy_anon]

Here is the recipe

http://www.gourmet-food-revolution.com/best-dessert-recipe.html

It says to bake custard in a pan of water, then let it cool and put it back in the oven (after adding jam and meringue)

Should I take it out of the pan of water to cool?

When I put it in the oven again with the meringue and jam added should it be in the pan of water?

Thanks