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Evidence Guide: FNSSUP603 - Integrate investment strategy with fund operations

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

 

FNSSUP603 - Integrate investment strategy with fund operations

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

Obtain specialist investment advice

  1. Source and retain specialist investment expertise required by organisation
  2. Receive performance benchmarks from trustee
  3. Provide specialists with information required to determine strategic options for investment
  4. Establish investment procedure
  5. Facilitate development of investment strategy
Source and retain specialist investment expertise required by organisation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Receive performance benchmarks from trustee

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide specialists with information required to determine strategic options for investment

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish investment procedure

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Facilitate development of investment strategy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Manage investment compliance requirements

  1. Identify legislation, regulations and compliance issues relating to investment
  2. Assess investment strategy for compliance
  3. Incorporate compliance issues and procedures into investment strategy
  4. Establish performance outcomes
  5. Undertake monitoring of compliance on ongoing basis
Identify legislation, regulations and compliance issues relating to investment

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess investment strategy for compliance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Incorporate compliance issues and procedures into investment strategy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish performance outcomes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake monitoring of compliance on ongoing basis

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement investment strategy

  1. Liaise with custodian and trustees to determine procedure to implement investment strategy
  2. Manage transfer of funds to investment manager
  3. Liaise with banks, custodians and trustees to facilitate strategy
  4. Implement direct fund investments
Liaise with custodian and trustees to determine procedure to implement investment strategy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Manage transfer of funds to investment manager

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Liaise with banks, custodians and trustees to facilitate strategy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement direct fund investments

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor and report on investment strategy

  1. Prepare regular investment reports for trustee and investment managers, as required
  2. Manage documentation of investment transactions
  3. Monitor investment performance and report as required
  4. Monitor compliance of investment strategy against relevant legislation, regulations and prudential standards
Prepare regular investment reports for trustee and investment managers, as required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Manage documentation of investment transactions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor investment performance and report as required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor compliance of investment strategy against relevant legislation, regulations and prudential standards

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate investment strategy

  1. Review and assess investment performance
  2. Evaluate performance against trustee set benchmarks
  3. Compare performance with industry indices and market conditions
  4. Provide performance evaluation to trustee
Review and assess investment performance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate performance against trustee set benchmarks

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Compare performance with industry indices and market conditions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide performance evaluation to trustee

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. Obtain specialist investment advice

1.1 Source and retain specialist investment expertise required by organisation

1.2 Receive performance benchmarks from trustee

1.3 Provide specialists with information required to determine strategic options for investment

1.4 Establish investment procedure

1.5 Facilitate development of investment strategy

2. Manage investment compliance requirements

2.1 Identify legislation, regulations and compliance issues relating to investment

2.2 Assess investment strategy for compliance

2.3 Incorporate compliance issues and procedures into investment strategy

2.4 Establish performance outcomes

2.5 Undertake monitoring of compliance on ongoing basis

3. Implement investment strategy

3.1 Liaise with custodian and trustees to determine procedure to implement investment strategy

3.2 Manage transfer of funds to investment manager

3.3 Liaise with banks, custodians and trustees to facilitate strategy

3.4 Implement direct fund investments

4. Monitor and report on investment strategy

4.1 Prepare regular investment reports for trustee and investment managers, as required

4.2 Manage documentation of investment transactions

4.3 Monitor investment performance and report as required

4.4 Monitor compliance of investment strategy against relevant legislation, regulations and prudential standards

5. Evaluate investment strategy

5.1 Review and assess investment performance

5.2 Evaluate performance against trustee set benchmarks

5.3 Compare performance with industry indices and market conditions

5.4 Provide performance evaluation to trustee

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. Obtain specialist investment advice

1.1 Source and retain specialist investment expertise required by organisation

1.2 Receive performance benchmarks from trustee

1.3 Provide specialists with information required to determine strategic options for investment

1.4 Establish investment procedure

1.5 Facilitate development of investment strategy

2. Manage investment compliance requirements

2.1 Identify legislation, regulations and compliance issues relating to investment

2.2 Assess investment strategy for compliance

2.3 Incorporate compliance issues and procedures into investment strategy

2.4 Establish performance outcomes

2.5 Undertake monitoring of compliance on ongoing basis

3. Implement investment strategy

3.1 Liaise with custodian and trustees to determine procedure to implement investment strategy

3.2 Manage transfer of funds to investment manager

3.3 Liaise with banks, custodians and trustees to facilitate strategy

3.4 Implement direct fund investments

4. Monitor and report on investment strategy

4.1 Prepare regular investment reports for trustee and investment managers, as required

4.2 Manage documentation of investment transactions

4.3 Monitor investment performance and report as required

4.4 Monitor compliance of investment strategy against relevant legislation, regulations and prudential standards

5. Evaluate investment strategy

5.1 Review and assess investment performance

5.2 Evaluate performance against trustee set benchmarks

5.3 Compare performance with industry indices and market conditions

5.4 Provide performance evaluation to trustee

Evidence of the ability to:

access relevant information and sources of specialist investment advice as required

manage investment compliance requirements and implement investment strategies

liaise with custodian and trustees to determine procedure to implement investment strategy and monitor, evaluate and report on the investment strategy.

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 superannuation investment processes according to the needs indicated in trustee set benchmarks

discuss options for superannuation strategies

describe the key features of relevant legislation, regulations and codes of practice

outline the key features of administrative processes and systems, and documentation requirements for investment strategy development

describe a range of specialist investment services and investment vehicles

outline the key requirements of superannuation industry legislation for trustees and investment managers

outline contractual arrangements for specialist services

discuss risk management strategies.