Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSSUP420 Mapping and Delivery Guide
Establish and administer retirement income streams
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSSUP420 - Establish and administer retirement income streams |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to set up and manage retirement income streams in compliance with current legislation and regulations.The unit applies to those who use specialised industry knowledge and work systematically to review and process information and data according to defined procedures.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant state and territory regulatory authorities to confirm those requirements. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. 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 financial services product information client documentation required to establish and administer retirement income streams, including PAYG summary documentation with income stream details publicly available information required to establish and administer retirement income streams, including the latest consumer price index (CPI) information available organisational policies and procedures relevant to establishing and administering retirement income streams. Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Receive application and verify data |
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Element: Calculate amount of retirement income stream |
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Element: Set up new member records |
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Element: Meet compliance requirements |
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Element: Maintain member records |
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