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?
Identify and analyse key financial issues relating to retirement
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Research current demographic and financial trends impacting the ageing population Completed |
Evidence:
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Analyse implications of adverse financial circumstances that can impact an individual approaching retirement Completed |
Evidence:
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Review a range of post-retirement product types and their relationship to managing financial risk Completed |
Evidence:
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Identify and analyse regulatory requirements relating to the provision of financial product advice Completed |
Evidence:
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Identify sources of general information and guidance relating to financial issues and risks in retirement to provide to client Completed |
Evidence:
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Outline the role and key features of the social security system impacting retirees
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Gather information on aged benefits, payments and services and advise client to contact Centrelink to determine eligibility Completed |
Evidence:
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Explain to client how account-based and non-account based income streams and annuities operate within superannuation and other private income streams Completed |
Evidence:
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Describe to client the relationships and links between government aged pension and superannuation and other private income streams Completed |
Evidence:
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Communicate to client the impacts government benefits can have on an individual’s income in retirement Completed |
Evidence:
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Provide general information on aged care options and significance of estate planning to clients, within regulatory limits
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Obtain and provide aged care options to client and explain how sources of further information can be accessed according to regulatory requirements Completed |
Evidence:
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Explain the nature and purpose of an estate plan to client Completed |
Evidence:
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Outline general information on taxation issues and consequences for dependants of retirement income stream products Completed |
Evidence:
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Outline legal requirements and issues relating to wills, powers of attorney, trusts and other estate planning matters to client Completed |
Evidence:
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Explain general estate planning and death benefit options Completed |
Evidence:
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