Elements and Performance Criteria
- Establish administrative actions needed to implement financial plan
- Check financial plan to verify that implementation actions are within planner’s skills, knowledge and authority
- Establish implementation actions which are consistent with client needs and specifications, and prioritise timings for each action to maximise advantage to client
- Establish implementation diaries and other appropriate records
- Undertake required actions for implementation of financial plan
- Issue implementation instructions to internal and external personnel as per plan requirements
- Check and follow up actions on lodgement of documentation to ensure plan timings are met
- Obtain and process fees and charges according to organisational and legislative requirements and codes of practice
- Complete and document implementation actions
- Establish administrative actions needed to review financial plan
- Establish standard operating procedures for reviewing ongoing performance of plan
- Ensure quality of ongoing service meets organisational and regulatory requirements, with any special arrangements agreed to with client
- Issue review instructions to internal and external personnel as per plan requirements
- Establish system to monitor lodged documentation to ensure plan timings are met
- Establish process for ensuring fees and charges are recovered according to organisational and legislative requirements
- Establish audit trails to ensure financial plans are in line with client requirements and managed in accordance with organisational procedures