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Evidence Guide: FNSSUP305 - Implement member investment instructions

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

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

 

FNSSUP305 - Implement member investment instructions

What evidence can you provide to prove your understanding of each of the following citeria?

Determine and document member investment instructions

  1. Accurately and promptly document all member investment instructions, whether via authorised form or verbal authority
  2. Clarify instructions with members when necessary and check they are in accordance with trust deed
Accurately and promptly document all member investment instructions, whether via authorised form or verbal authority

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Clarify instructions with members when necessary and check they are in accordance with trust deed

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement member instructions

  1. Implement instructions without amendment or interpretation according to company procedures
  2. Fulfil requirements according to company procedures and within required timeframes
  3. Accurately maintain all investment documentation according to company procedures
Implement instructions without amendment or interpretation according to company procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Fulfil requirements according to company procedures and within required timeframes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Accurately maintain all investment documentation according to company procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm investment arrangements with member

  1. Confirm and document member investment instructions
  2. Prepare regular reports on investments in accordance with instructions and relevant legislative requirements
  3. Communicate change or amendment of member instructions according to organisational procedures
Confirm and document member investment instructions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare regular reports on investments in accordance with instructions and relevant legislative requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Communicate change or amendment of member instructions according to organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1. Determine and document member investment instructions

1.1 Accurately and promptly document all member investment instructions, whether via authorised form or verbal authority

1.2 Clarify instructions with members when necessary and check they are in accordance with trust deed

2. Implement member instructions

2.1 Implement instructions without amendment or interpretation according to company procedures

2.2 Fulfil requirements according to company procedures and within required timeframes

2.3 Accurately maintain all investment documentation according to company procedures

3. Confirm investment arrangements with member

3.1 Confirm and document member investment instructions

3.2 Prepare regular reports on investments in accordance with instructions and relevant legislative requirements

3.3 Communicate change or amendment of member instructions according to organisational procedures

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1. Determine and document member investment instructions

1.1 Accurately and promptly document all member investment instructions, whether via authorised form or verbal authority

1.2 Clarify instructions with members when necessary and check they are in accordance with trust deed

2. Implement member instructions

2.1 Implement instructions without amendment or interpretation according to company procedures

2.2 Fulfil requirements according to company procedures and within required timeframes

2.3 Accurately maintain all investment documentation according to company procedures

3. Confirm investment arrangements with member

3.1 Confirm and document member investment instructions

3.2 Prepare regular reports on investments in accordance with instructions and relevant legislative requirements

3.3 Communicate change or amendment of member instructions according to organisational procedures

Evidence of the ability to:

determine and document member instructions

implement member instructions

confirm investment arrangements with member

prepare relevant reports and documentation.

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 how to source information about product terms and conditions

describe the key features of company policy, procedures, guidelines and authorities

outline the key features of superannuation fund structures

describe the key features of legislative requirements

explain a range of investment and finance terminology

outline the key features of computerised superannuation systems and procedures.