Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners

FNSSUP603 Mapping and Delivery Guide
Integrate investment strategy with fund operations

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency FNSSUP603 - Integrate investment strategy with fund operations
Description
Employability Skills
Learning Outcomes and Application This unit describes the skills and knowledge required to obtain specialist advice, manage investment compliance requirements, implement investment strategies and monitor, report and evaluate investment strategies, integrating the fund’s investment strategies into fund administration operations.It applies to individuals who use specialised industry knowledge and manage and report on operations involving complex strategic investment activity.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the superannuation field of work and include access to:

common office equipment, technology, software and consumables

organisational financial records

organisational policy and procedures

legislation and regulatory information.

Assessors must satisfy NVR/AQTF assessor requirements.
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
Elements of Competency Performance Criteria              
Element: Obtain specialist investment advice
  • Source and retain specialist investment expertise required by organisation
  • Receive performance benchmarks from trustee
  • Provide specialists with information required to determine strategic options for investment
  • Establish investment procedure
  • Facilitate development of investment strategy
       
Element: Manage investment compliance requirements
  • Identify legislation, regulations and compliance issues relating to investment
  • Assess investment strategy for compliance
  • Incorporate compliance issues and procedures into investment strategy
  • Establish performance outcomes
  • Undertake monitoring of compliance on ongoing basis
       
Element: Implement investment strategy
  • Liaise with custodian and trustees to determine procedure to implement investment strategy
  • Manage transfer of funds to investment manager
  • Liaise with banks, custodians and trustees to facilitate strategy
  • Implement direct fund investments
       
Element: Monitor and report on investment strategy
  • Prepare regular investment reports for trustee and investment managers, as required
  • Manage documentation of investment transactions
  • Monitor investment performance and report as required
  • Monitor compliance of investment strategy against relevant legislation, regulations and prudential standards
       
Element: Evaluate investment strategy
  • Review and assess investment performance
  • Evaluate performance against trustee set benchmarks
  • Compare performance with industry indices and market conditions
  • Provide performance evaluation to trustee
       


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.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Obtain specialist investment advice

1.1 Source and retain specialist investment expertise required by organisation

1.2 Receive performance benchmarks from trustee

1.3 Provide specialists with information required to determine strategic options for investment

1.4 Establish investment procedure

1.5 Facilitate development of investment strategy

2. Manage investment compliance requirements

2.1 Identify legislation, regulations and compliance issues relating to investment

2.2 Assess investment strategy for compliance

2.3 Incorporate compliance issues and procedures into investment strategy

2.4 Establish performance outcomes

2.5 Undertake monitoring of compliance on ongoing basis

3. Implement investment strategy

3.1 Liaise with custodian and trustees to determine procedure to implement investment strategy

3.2 Manage transfer of funds to investment manager

3.3 Liaise with banks, custodians and trustees to facilitate strategy

3.4 Implement direct fund investments

4. Monitor and report on investment strategy

4.1 Prepare regular investment reports for trustee and investment managers, as required

4.2 Manage documentation of investment transactions

4.3 Monitor investment performance and report as required

4.4 Monitor compliance of investment strategy against relevant legislation, regulations and prudential standards

5. Evaluate investment strategy

5.1 Review and assess investment performance

5.2 Evaluate performance against trustee set benchmarks

5.3 Compare performance with industry indices and market conditions

5.4 Provide performance evaluation to trustee

Evidence of the ability to:

access relevant information and sources of specialist investment advice as required

manage investment compliance requirements and implement investment strategies

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

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

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

discuss options for superannuation strategies

describe the key features of relevant legislation, regulations and codes of practice

outline the key features of administrative processes and systems, and documentation requirements for investment strategy development

describe a range of specialist investment services and investment vehicles

outline the key requirements of superannuation industry legislation for trustees and investment managers

outline contractual arrangements for specialist services

discuss risk management strategies.

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, 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.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Obtain specialist investment advice

1.1 Source and retain specialist investment expertise required by organisation

1.2 Receive performance benchmarks from trustee

1.3 Provide specialists with information required to determine strategic options for investment

1.4 Establish investment procedure

1.5 Facilitate development of investment strategy

2. Manage investment compliance requirements

2.1 Identify legislation, regulations and compliance issues relating to investment

2.2 Assess investment strategy for compliance

2.3 Incorporate compliance issues and procedures into investment strategy

2.4 Establish performance outcomes

2.5 Undertake monitoring of compliance on ongoing basis

3. Implement investment strategy

3.1 Liaise with custodian and trustees to determine procedure to implement investment strategy

3.2 Manage transfer of funds to investment manager

3.3 Liaise with banks, custodians and trustees to facilitate strategy

3.4 Implement direct fund investments

4. Monitor and report on investment strategy

4.1 Prepare regular investment reports for trustee and investment managers, as required

4.2 Manage documentation of investment transactions

4.3 Monitor investment performance and report as required

4.4 Monitor compliance of investment strategy against relevant legislation, regulations and prudential standards

5. Evaluate investment strategy

5.1 Review and assess investment performance

5.2 Evaluate performance against trustee set benchmarks

5.3 Compare performance with industry indices and market conditions

5.4 Provide performance evaluation to trustee

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
Source and retain specialist investment expertise required by organisation 
Receive performance benchmarks from trustee 
Provide specialists with information required to determine strategic options for investment 
Establish investment procedure 
Facilitate development of investment strategy 
Identify legislation, regulations and compliance issues relating to investment 
Assess investment strategy for compliance 
Incorporate compliance issues and procedures into investment strategy 
Establish performance outcomes 
Undertake monitoring of compliance on ongoing basis 
Liaise with custodian and trustees to determine procedure to implement investment strategy 
Manage transfer of funds to investment manager 
Liaise with banks, custodians and trustees to facilitate strategy 
Implement direct fund investments 
Prepare regular investment reports for trustee and investment managers, as required 
Manage documentation of investment transactions 
Monitor investment performance and report as required 
Monitor compliance of investment strategy against relevant legislation, regulations and prudential standards 
Review and assess investment performance 
Evaluate performance against trustee set benchmarks 
Compare performance with industry indices and market conditions 
Provide performance evaluation to trustee 

Forms

Assessment Cover Sheet

FNSSUP603 - 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:

Signature:

Date:

Assessment Record Sheet

FNSSUP603 - 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: