Building on the fundamentals of financial planning undertaken in Applied Financial Planning (FPC002) or equivalent, this subject provides a comprehensive overview of issues relating to superannuation and retirement planning. The subject addresses the different aspects of superannuation including contributions, benefits and income streams, as well as how superannuation is treated in death, divorce and bankruptcy. Retirement savings accounts, retail funds, industry funds, self managed superannuation funds, aged care and equity release schemes are also covered. The subject covers the formulation of a statement of advice (SOA), concentrating on how to structure the various required elements and providing recommendations. Relevant legal and regulatory requirements are detailed, along with examples and strategies that financial advisers can use to benefit their clients. For more information, please refer to the subject outline.