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?
Explain the features and processes of retirement income streams
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The main types of income streams are identified Completed |
Evidence:
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The features, advantages and disadvantages of the main retirement income streams are identified Completed |
Evidence:
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The taxation, payment and social security requirements and considerations of income streams are identified Completed |
Evidence:
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Regulations and legislation determining compliance of retirement income streams are identified and complied with Completed |
Evidence:
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Process Eligible Termination Payment (ETP) rollover payments for the purchase of retirement income streams
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New accounts are established and checked for eligibility Completed |
Evidence:
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Payments are received via post, person, phone or electronic transfer Completed |
Evidence:
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Payments and organisation documents are checked to ensure information is complete and correct Completed |
Evidence:
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Further information is obtained as required Completed |
Evidence:
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Data is entered and policy activated according to organisation procedures Completed |
Evidence:
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Payments are prepared and banked according to organisation procedures Completed |
Evidence:
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Policy documents and confirmation are sent to member Completed |
Evidence:
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Documentation is filed according to organisation procedures Completed |
Evidence:
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Process retirement income benefits
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Payment is prepared and processed according to conditions of member contract and organisation guidelines Completed |
Evidence:
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Benefit is calculated to include additional fees, taxation, surcharge debt and/or other factors Completed |
Evidence:
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Documentation is prepared and checked according to organisation guidelines Completed |
Evidence:
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Payment is checked for delivery to member Completed |
Evidence:
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Process and maintain documentation and records
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All transactions are correctly documented in member records Completed |
Evidence:
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Statements and receipts are prepared and issued to members according to organisation guidelines Completed |
Evidence:
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Member records are maintained to ensure currency and accuracy Completed |
Evidence:
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Pension payments are maintained and regularly reviewed Completed |
Evidence:
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The annual review processes are identified and implemented Completed |
Evidence:
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Certificates, benefit information and taxation information are generated and provided according to legislative requirements Completed |
Evidence:
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Process commutations
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Requests for withdrawals are received and documented according to organisation procedures Completed |
Evidence:
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Information provided is checked for accuracy and completion Completed |
Evidence:
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Withdrawal requests are processed according to organisation procedures Completed |
Evidence:
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Records are updated Completed |
Evidence:
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Respond to member enquiries regarding retirement income as required
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Member enquiries are treated professionally and in accordance with organisation customer service standards Completed |
Evidence:
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Required information is provided to meet general member enquiries Completed |
Evidence:
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Complex enquiries are referred to appropriate personnel Completed |
Evidence:
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Information is provided according to organisation and legislative requirements Completed |
Evidence:
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Follow quality assurance procedures
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Organisation procedures are followed Completed |
Evidence:
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Member details are established and maintained in accordance with organisation requirements Completed |
Evidence:
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System and process checks are implemented and any irregularities identified Completed |
Evidence:
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Any irregularities are corrected or communicated to appropriate personnel Completed |
Evidence:
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