Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSSUP403 Mapping and Delivery Guide
Administer retirement income streams
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSSUP403 - Administer retirement income streams |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to administer retirement income streams. It encompasses the explanation and identification of retirement income stream features, processes for the purchase of retirement income streams, processing of income benefits, ability to maintain documentation and records, processing of commutations, and responding to member enquiries regarding retirement income.It applies to individuals who use specialised industry knowledge and systematic approaches to thoroughly and accurately complete a range of tasks that meet organisational quality assurance procedures.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Explain the features and processes of retirement income streams |
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Element: Process rollover payments for the purchase of retirement income streams |
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Element: Process retirement income benefits |
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Element: Process and maintain documentation and records |
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Element: Process commutations |
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Element: Respond to member enquiries regarding retirement income as required |
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Element: Follow quality assurance procedures |
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