The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Confirm plan objectives and scope
|
|
Plan strategy and key parameters are checked with a qualified financial planner and the client Completed |
Evidence:
|
Research topics are established and research results reviewed and compared to client requirements and expectations as set out in strategy and key parameters Completed |
Evidence:
|
Current client situation is analysed to determine opportunities and constraints within strategy boundaries Completed |
Evidence:
|
Plan objectives are developed for asset growth, income, risk, taxation and any other objectives set out in plan strategy Completed |
Evidence:
|
Test strategic assumptions
|
|
Client related key assumptions are tested against the draft strategy Completed |
Evidence:
|
Economic key assumptions in the strategy are tested and reviewed as required Completed |
Evidence:
|
Legislative and regulatory assumptions, including taxation assumptions are tested against the strategy Completed |
Evidence:
|
Clarifications are sought from the strategy author on any identified discrepancies Completed |
Evidence:
|
Develop financial plan to set strategy
|
|
Strategic options set by financial planner are analysed or modelled Completed |
Evidence:
|
Inconsistencies in strategic options are identified and discussed with the strategy author Completed |
Evidence:
|
Financial plan is developed according to established organisational guidelines Completed |
Evidence:
|
Review and settle draft strategy and options
|
|
Strategic options for review and a mode of presentation are selected according to organisational guidelines Completed |
Evidence:
|
Each strategic option is reviewed with the strategy author including positives, negatives and risks for each option Completed |
Evidence:
|
Broad agreement on strategies is established with the strategy author Completed |
Evidence:
|
Develop preliminary financial plan
|
|
Specific products and options are selected that meet given strategy and key parameters Completed |
Evidence:
|
Cash flow/liquidity, set capital preservation and/or estate planning requirements are incorporated consistent with given strategy and key parameters Completed |
Evidence:
|
Recommendations for financial asset allocation structure are developed according to organisational guidelines Completed |
Evidence:
|
Recommendations for changes to income and taxation arrangements are developed including referral advice to accountants/lawyers as appropriate Completed |
Evidence:
|
Recommendations on risk management strategies and products are developed and incorporated according to organisational guidelines Completed |
Evidence:
|
All recommendations are checked to ensure consistency with given strategy and key parameters, and meet specific objectives with a high dependability of outcome Completed |
Evidence:
|
Description of anticipated fees and charges and information on internal and external complaints resolution procedures is incorporated into the plan where appropriate Completed |
Evidence:
|
Preliminary financial plan is documented according to organisational guidelines and procedures Completed |
Evidence:
|