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 2 - 2019
Term 2 - 2019 Profile
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).
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%).
Past Exams
All University policies are available on the Policy web site, however you may wish to directly view the following policies below.
This list is not an exhaustive list of all University policies. The full list of policies are available on the Policy web site.
Term 2 - 2019 : The overall satisfaction for students in the last offering of this course was 4.50 (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
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".
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.
In Progress
Source: Have Your Say
Feedback from students indicated that while they could not fault the content delivery, they would like more practical guidance on Statement of Advice construction.
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.
In Progress
On successful completion of this unit, you will be able to:
- Critically analyse the impact of the retirement planning trends in Australia for financial planning in the context of retirement planning advice
- Formulate appropriate, tax effective financial advice to manage and distribute wealth in retirement and estate planning contexts
- Apply client relationship-building skills in retirement and estate planning scenarios
- 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.
| Assessment Tasks | Learning Outcomes | |||
|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |
| 1 - Literature Review or Systematic Review | • | |||
| 2 - Practical Assessment | • | • | • | |
| 3 - Examination | • | • | ||
| 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 | • | |||
| Assessment Tasks | Graduate Attributes | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 8 | |
| 2 - Practical Assessment | • | • | • | • | • | ||||
| 3 - Examination | • | • | • | • | |||||
| 1 - Literature Review or Systematic Review | • | • | |||||||