25775 Superannuation and Financial Planning
Warning: The information on this page is indicative. The subject outline for a
particular session, location and mode of offering is the authoritative source
of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.
Subject handbook information prior to 2025 is available in the Archives.
Credit points: 6 cp
Subject level:
Postgraduate
Result type: Grade and marksRequisite(s): ((24 credit points of completed study in spk(s): C04048 Master of Finance OR 48 credit points of completed study in spk(s): C04258 Master of Finance (Extension) OR 24 credit points of completed study in spk(s): C07021 Graduate Diploma Finance)) OR (25742c Financial Management AND 25741c Capital Markets)
The lower case 'c' after the subject code indicates that the subject is a corequisite. See definitions for details.
These requisites may not apply to students in certain courses.
There are course requisites for this subject. See access conditions.
Description
This subject examines the application of superannuation and retirement strategies to support the funding needs of retail clients through a comprehensive statement of advice. It commences with an introduction to the Australian superannuation industry, the three phases of superannuation and ends with application of strategies to enable retail clients to benefit from superannuation and retirement planning through a comprehensive financial plan.
Subject learning objectives (SLOs)
| 1. | demonstrate knowledge and understanding of superannuation in the Australian context, including superannuation structures, the three phases of superannuation, taxation implications and application of the Superannuation Industry Supervision Act 1993 (SIS) |
|---|---|
| 2. | recognise changing demographics and the effects on superannuation issues |
| 3. | be able to develop strategies and provide advisory recommendations on superannuation, including evaluating the advantages and disadvantages of strategies and being able to optimise recommendations |
| 4. | apply the steps involved in the financial planning process to client scenarios |
| 5. | undertake research, construct and present a comprehensive Statement of Advice (SOA) to meet client requirements in an ethical and professional manner |
| 6. | demonstrate a knowledge and understanding of the process of giving financial advice |
Contribution to the development of graduate attributes
This subject develops an in-depth understanding of superannuation strategies to support the funding needs of retail clients through constructing a comprehensive financial plan. As such this subject contributes to the development of the following graduate attribute(s):
- Intellectual rigour and innovative problem solving
Teaching and learning strategies
This subject is based on collaborative learning activities that include online courses and activities, lectures, in-class discussions and applied case studies. The online course and activities will develop student’s technical knowledge on superannuation and the financial planning process. The lectures will explain the application of the process using a case student framework. Students will actively discuss the case studies with the instructor and peers based on the knowledge from the online classes.
Content (topics)
- The superannuation industry: a detailed overview and regulation.
- Superannuation and retirement planning advice strategies.
- Retirement planning: social security aged care and non-financial issues
- Different methods of construction of the Statement of Advice (SoA)
- SoA disclosure and compliance requirements
- SoA Requirements of FASEA Code of Ethics and Code Monitoring Bodies
- Establish ethical client-planner relationships and importance of Best Interest Duty
- The financial planning process: the six steps
Assessment
Assessment task 1: Quiz on the content of the online learning component*
| Objective(s): | This addresses subject learning objective(s): 1, 2, 3 and 4 |
|---|---|
| Type: | Quiz/test |
| Groupwork: | Individual |
| Weight: | 20% |
| Criteria: | *Note: Late submission of the assessment task will not be marked and awarded a mark of zero. |
Assessment task 2: Assignment
| Objective(s): | This addresses subject learning objective(s): 1, 2, 3, 4, 5 and 6 |
|---|---|
| Type: | Report |
| Groupwork: | Individual |
| Weight: | 20% |
| Length: | Submissions should not exceed 15 pages (12 font, single spacing and 2cm margins). Appendices |
Assessment task 3: Assignment and presentation*
| Objective(s): | This addresses subject learning objective(s): 1, 2, 3, 4, 5 and 6 |
|---|---|
| Type: | Report |
| Groupwork: | Individual |
| Weight: | 40% |
| Length: | Submissions should not exceed 20 pages (12 font, single spacing and 2cm margins). Appendices |
| Criteria: | *Note: Late submission of the assessment task will not be marked and awarded a mark of zero. |
Assessment task 4: Presentation*
| Objective(s): | This addresses subject learning objective(s): 1, 2, 3, 4, 5 and 6 |
|---|---|
| Type: | Presentation |
| Groupwork: | Individual |
| Weight: | 20% |
| Criteria: | *Note: Late submission of the assessment task will not be marked and awarded a mark of zero. |
Minimum requirements
Students must achieve at least 50% of the subject’s total marks.
Required texts
Warren McKeown, Mike Kerry & Marc Olynyk (2017), Financial Planning 2nd Updated Edition, John Wiley and Sons.
ISBN: 9780730343554 (ebook)Also available via the UTS library:
Available via the UTS Library: https://ebookcentral.proquest.com/lib/uts/detail.action?docID=4857365&pq-origsite=primo
Other learning materials will be placed on Canvas.
Recommended texts
Warren McKeown, Mike Kerry, Marc Olynyk, Lisa Ciano & Diem La (2021), Financial Planning Essentials, First Edition, John Wiley and Sons.
Sharon Taylor (2019), Financial Planning in Australia: Advice and Wealth Management, LexisNexis ISBN
9780409351439 (ebook)
Australian Master Financial Planning Guide 2022/2023, CCH.
Australian Master Superannuation Guide 2022/2023, CCH.
References
- Australian Master Financial Planning Guide (latest financial year edition)
- Australian Master Superannuation Guide (latest financial year edition)