Assessor Resource

FNSSUP603A
Integrate investment strategy with fund operations

Assessment tool

Version 1.0
Issue Date: May 2024


This unit applies to management job roles within the superannuation sector.

This unit describes the performance outcomes, skills and knowledge required to obtain specialist advice, manage investment compliance requirements, implement investment strategies, and ti monitor, report on and evaluate investment strategies integrating the fund's investment strategies into fund administration operations.

This unit is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements including legislation administered by the Australian Securities and Investments Commission (ASIC).

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)

Employability Skills

This unit contains employability skills.



Evidence Required

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 Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the ability to:

demonstrate knowledge of specialist investment services and source specialist investment advice

manage investment compliance requirements and implement investment strategies

liaise with custodian/trustees to determine procedure to implement investment strategy and monitor, evaluate and report on the investment strategy.

Context of and specific resources for assessment

Assessment must ensure:

competency is demonstrated in the context of the work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment

access to and the use of a range of common office equipment, technology, software and consumables

access to organisation financial records

access to organisation policies and procedures.

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:

evaluating an integrated activity, which combines the elements of competency for the unit, or a cluster of related units of competency

observing processes and procedures in workplaces

verbal or written questioning on underpinning knowledge and skills

evaluating samples of work

accessing and validating third party reports

setting and reviewing workplace business simulations or scenarios.

Guidance information for assessment

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

Required skills

highly developed communication skills to:

liaise with others, share information, confirm work requirements, using questioning and active listening as required

prepare high level business documentation and reports

use language and concepts appropriate to cultural differences

numeracy and IT skills for:

making financial calculations

accessing and using appropriate software such as word processors, spreadsheets and databases

using internet information

project management skills

high level administrative skills

business planning skills

well-developed literacy skills to read and interpret documentation from a variety of sources and record and consolidate related information

interpersonal skills to relate effectively within a team environment

organisation skills, including the ability to plan and sequence work

problem solving skills to address compliance and other issues

learning skills to maintain knowledge of changes to products and relevant legislation

judgement skills for forming recommendations in operational situations

management skills for working effectively in a constantly changing environment

Required knowledge

superannuation investment processes according to the needs indicated in trustee set benchmarks

options and strategies for superannuation strategies

relevant Acts, regulations and codes of practice

administrative processes and systems and documentation requirements for investment strategy development

a range of specialist investment services and investment vehicles, including:

custodians

asset consultants

investment managers

pooled superannuation trusts

Superannuation Industry (Supervision) (SIS) Act requirements for trustees and investment managers

contractual arrangements for specialist services

risk management strategies

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.

Information required to determine strategic options may include:

asset classes

investment strategies

organisation benchmarks

return

risk

stock selection

types of managed investments

types of superannuation funds.

Relevant legislation and regulations may include, as amended:

anti-discrimination legislation

Corporations Act

Family Law Legislation Amendment Superannuation Act

Financial Services Reform Act (FSRA)

Income Tax Assessment Act

industrial legislation

Insurance Act

Privacy Act

Retirement Savings Account Act

stamp duty legislation

Superannuation (Resolution of Complaints) Act

Superannuation (Unclaimed Moneys and Lost Members) Act

Superannuation Contributions Tax (Assessment and Collection) Act (surcharge)

Superannuation Guarantee (Administration) Act (SGAA)

Superannuation Industry (Supervision) Act (SIS)

Superannuation Industry (Supervision) Regulations

trade practices legislation

Trustee Acts or Trust Acts in each State and Territory.

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Specialist investment expertise required by the organisation is sourced and retained 
Performance benchmarks are received from trustee 
Specialists are provided with information required to determine strategic options for investment 
Investment procedure is established 
Development of investment strategy is facilitated 
Legislation, regulations and compliance issues relating to investment are identified 
Investment strategy is assessed for compliance 
Compliance issues and procedures are incorporated into the investment strategy 
Performance outcomes are established 
Monitoring of compliance is undertaken on an ongoing basis 
Liaison is provided with custodian/trustees to determine procedure to implement investment strategy 
Transfer of funds to investment manager is managed 
Liaison is provided with banks and financial services to facilitate strategy 
Direct fund investments are implemented 
Regular investment reports are prepared for trustee and investment managers, as required 
Documentation of investment transactions is managed 
Investment performance is monitored and reported on as required 
Compliance of investment strategy is monitored 
Investment performance is reviewed and assessed 
Performance is evaluated against trustee set benchmarks 
Performance is compared with industry indices and market conditions 
Performance evaluation is provided to trustee 

Forms

Assessment Cover Sheet

FNSSUP603A - Integrate investment strategy with fund operations
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

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Date:

Assessment Record Sheet

FNSSUP603A - Integrate investment strategy with fund operations

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: