Elements and Performance Criteria
- Establish actions, timings and priorities needed to implement financial plan
- Identify and source financial plan to be implemented
- Review special features of client situation for implementation implications
- Establish implementation actions and confirm they are consistent with client needs and objectives, and prioritise specifications and timings for each action to be implemented
- Explain implementation actions to authorised representative and obtain written agreement to actions
- Establish implementation diary and other required records according to organisational policies and procedures
- Establish procedures for implementing financial plan
- Identify and brief required personnel to implement each action in financial plan
- Identify and meet internal and external communication and documentation requirements
- Coordinate implementation actions that depend on and involve actions by other professionals
- Establish audit trails and monitoring procedures for critical implementation timings and priorities
- Undertake and/or supervise implementation of actions associated with financial plan
- Ensure authorised representative provides client with information on actions they must undertake
- Confirm authorised representative issues instructions to required internal and external personnel as per financial plan requirements
- Maintain consultation and monitoring with internal and external stakeholders where joint implementation action is required
- Check and follow up lodgement of documentation to ensure plan timings are met
- Obtain fees and charges, and process according to organisational and legislative requirements
- Seek and integrate feedback on implemented actions from relevant stakeholders