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Evidence Guide: FNSSUP315 - Implement superannuation fund 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

 

FNSSUP315 - Implement superannuation fund member investment instructions

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

Determine and record member investment instructions

  1. Receive and record member investment instructions according to organisational procedures
  2. Clarify investment instructions with member where required
  3. Confirm member investment instructions are in accordance with the trust deed
Receive and record member investment instructions according to organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Clarify investment instructions with member where required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm member investment instructions are in accordance with the trust deed

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement member instructions

  1. Implement instructions according to organisational policies and procedures
  2. Maintain investment documentation according to organisational policies and procedures
Implement instructions according to organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Maintain investment documentation according to organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Finalise investment arrangements

  1. Confirm completed investment arrangements with member
  2. Prepare reports on investments according to member instructions and legislative requirements
  3. Communicate change of member instructions according to organisational procedures
Confirm completed investment arrangements with member

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare reports on investments according to member instructions and legislative requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Communicate change of member instructions according to organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

record, confirm and implement member investment instructions for at least three different superannuation fund members.

In the course of the above, the candidate must:

prepare a report and other required documentation relating to the instructions implemented for each of the above members.

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

legislative requirements relating to implementing superannuation fund member investment instructions

organisational policies, procedures, guidelines and authorities relating to implementing superannuation fund member investment instructions, including for:

recording instructions

preparing required reports

terms of the trust deed relating to member investment instructions

methods to receive member investment instructions, including via authorised forms and verbal authority

procedures for sourcing information about superannuation product terms and conditions

key components of superannuation fund structures

investment and finance terminology relating to superannuation funds

computerised superannuation systems and procedures.