FINC20027 - Retirement and Estate Planning

General Information

Unit Synopsis

In this unit you will examine the role of the financial advisor in retirement and estate planning. You will develop core technical skills related to giving advice to those preparing for retirement and considering the distribution of wealth. You will develop an awareness of influences in the client relationship related estate planning. You will apply these skills and awareness into a practical client situation and prepare retirement and estate planning advice recommendations.

Details

Level Postgraduate
Unit Level 9
Credit Points 6
Student Contribution Band SCA Band 4
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites There are no pre-requisites for the unit.

Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 1 - 2020

There are no availabilities for this unit on or after Term 1 - 2020

Attendance Requirements

All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Assessment Overview

Recommended Student Time Commitment

Each 6-credit Postgraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Assessment Tasks

Assessment Task Weighting
1. Literature Review or Systematic Review 20%
2. Practical Assessment 30%
3. Examination 50%

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%).

Consult the University’s Grades and Results Policy for more details of interim results and final grades

Past Exams

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Previous Feedback

Term 2 - 2019 : The overall satisfaction for students in the last offering of this course was 4.5 (on a 5 point Likert scale), based on a 150% response rate.

Feedback, Recommendations and Responses

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Source: Have Your Say
Feedback
Students were impressed with the weekly zoom sessions stating "presenter was very informative and was always willing to answer a question or explain a concept".
Recommendation
This unit will continue to integrate the expertise of practitioners as part of the teaching team and course development to ensure the content is current and relevant.
Action Taken
Nil.
Source: Have Your Say
Feedback
Feedback from students indicated that while they could not fault the content delivery, they would like more practical guidance on Statement of Advice construction.
Recommendation
The construction of a quality and compliant Statement of Advice is a core financial planning advice skill. Future terms will address this request with additional practical and hands-on SoA development opportunities.
Action Taken
Nil.
Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. Critically analyse the impact of the retirement planning trends in Australia for financial planning in the context of retirement planning advice
  2. Formulate appropriate, tax effective financial advice to manage and distribute wealth in retirement and estate planning contexts
  3. Apply client relationship-building skills in retirement and estate planning scenarios
  4. Work collaboratively with a range of professionals and the community to achieve financial planning results.

This unit has been designed to conform to the accreditation requirements of the Financial Planning Education Council.

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4
1 - Literature Review or Systematic Review
2 - Practical Assessment
3 - Examination
Alignment of Graduate Attributes to Learning Outcomes
Advanced Level
Professional Level
Graduate Attributes Learning Outcomes
1 2 3 4
1 - Knowledge
2 - Communication
3 - Cognitive, technical and creative skills
4 - Research
5 - Self-management
6 - Ethical and Professional Responsibility
7 - Leadership
Alignment of Assessment Tasks to Graduate Attributes
Advanced Level
Professional Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7
2 - Practical Assessment
3 - Examination
1 - Literature Review or Systematic Review