List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:
conduct research into a different financial product to support recommendations in at least three of the following practice areas:
aged care
direct investments
estate planning
life insurance
managed investments
retirement planning
social securities
superannuation
taxation.
The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:
legislative requirements and codes of practice relating to financial product research, including:
protocols relating to product research
confidentiality requirements
organisational policies, procedures, guidelines and requirements relating to products and research, including for:
sourcing required product information
conducting research activities
preparing and documenting research findings
obtaining release authorisations
distributing research and receipt confirmation
completing records of compliance
sources of information for research on financial products
current economic climate and forecasted outlook for researched financial products
financial forecasting techniques and tools to be used to assess the market for financial products
local and international financial markets and investment outlook for financial products
techniques and tools for evaluating and interpreting research data.
Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry.
This includes access to:
organisational equipment, technology, software and consumables
sources of financial services product information.
Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.