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Subject overview


STUDY MODE

100% online

AQF LEVEL

8

NEXT INTAKE

4 Mar 2024

SUBJECT DURATION

12 weeks

SUBJECT FEE

$2,600.00


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 planning products and strategies including types of superannuation funds, social security, equity release and aged care considerations are also covered.

The subject covers the construction of a Statement of Advice (SOA), concentrating on how to structure the various required elements as well as developing and incorporating appropriate recommendations.

Students will examine a client case study so they can apply their understanding, when analysing and considering appropriate strategies in order to prepare and present a statement of advice.

Financial advisers seeking accreditation in specific knowledge areas should confirm education and training requirements for authorisation with their licensee. From 1 January 2019, the Education and Training Standards 2018 (previously known as ‘FASEA standards’) have applied to financial advisers. This subject has been taught and assessed at Australian Qualification Framework Level 8 and is a core subject within an approved qualification (Corporations (Relevant Providers Degrees, Qualifications and Courses Standard) Determination 2020).

On successful completion of this subject, existing advisers will meet the minimum education requirements of ASIC Regulatory Guide 146 (RG146) for providing personal advice in superannuation to retail clients. Existing advisers must also have completed Tier 1 Generic Knowledge.

Students are able to attend four one-hour online interactive workshops, where key topic concepts and examples are discussed with a facilitator. Additionally, students are able to attend five online drop-in sessions, where students can ask questions to gain further clarification on key concepts and the assessments.

Students are encouraged to attend the interactive workshops and drop-in session throughout the study period.

For more information, please refer to the:

Subject information

Learning outcomes

On successful completion of this subject, students should be able to:

  • Explain retirement planning in the Australian context
  • Critically analyse key elements of superannuation including the contribution, accumulation and payment of benefits.
  • Identify and critique retirement planning strategies and formulate solutions for client situations
  • Construct and present a Statement of Advice (SoA) in an ethical and professional manner

Topics covered

  1. Retirement planning and superannuation in Australia
  2. Superannuation contributions
  3. Contribution strategies
  4. Accessing superannuation and benefit payments
  5. Superannuation income streams
  6. Death benefits, insurance and estate planning
  7. Superannuation strategies
  8. Social security and aged care
  9. Integrated retirement planning strategies
  10. Constructing and presenting a Statement of Advice (SoA)

Continuing Professional Development (CPD)

Kaplan Professional has assessed this subject. Click here for the following CPD hours applicable from 1 January 2019 on successful completion of this course. For subjects or courses completed prior to this date, please contact Kaplan Professional’s CPD Support team on 1300 527 526 or pdmail@kaplan.edu.au.

Subject enhancements

We are pleased to announce that the following enhancements have been made to this subject:

  • Simplified the subject learning outcomes so it is clearer to students what they will learn.
  • Introduced new topics that focus on application of technical knowledge by exploring detailed real-world examples of superannuation and retirement strategies.
  • Replaced the final exam with alternative assessment tasks (quiz and assignment).

Duration

The duration of this subject is one study period (12 weeks).

Reading list

There is no prescribed text for this subject.

Individuals are provided with key readings and access to Kaplan Professional’s online databases. Individuals are encouraged to research and read widely on the topic.

Reading list

Assessments

Assessment typeAssessedWeighting
QuizWeek 520%
Assignment 1Week 840%
Assignment 2Week 1240%

Previous study requirements

Prerequisites

There are no prerequisites for this subject.

However, individuals should review the ‘Assumed knowledge’ tab to understand the prior knowledge Kaplan Professional advises they should hold before enrolling in this subject.

Assumed knowledge

While there are no prerequisites for this subject, Kaplan Professional assumes that individuals have completed FPC001B Economic and Legal Context for Financial Planning and FPC002B Ethics and Professionalism in Financial Advice, or understand the content covered in those subjects, prior to undertaking FPC003 Superannuation and Retirement Advice.

Course transition subject equivalence

There are no equivalences for this subject.

Key dates

Study Period 1

11 Dec 2023 - 29 Mar 2024

❌ Enrolments now closed

Early access opens 11 December 2023

Early access to assessments 21 December 2023

Study period commences 8 January 2024

Enrolments close/census 24 January 2024

Study period ends 29 March 2024

Assessment dates See assessment timetable

Study Period 2

5 Feb 2024 - 24 May 2024

✓ Enrolments open now

Early access opens 5 February 2024

Early access to assessments 19 February 2024

Study period commences 4 March 2024

Enrolments close/census 20 March 2024

Study period ends 24 May 2024

Assessment dates See assessment timetable

Study Period 3

1 Apr 2024 - 19 Jul 2024

✓ Enrolments open now

Early access opens 1 April 2024

Early access to assessments 15 April 2024

Study period commences 29 April 2024

Enrolments close/census 15 May 2024

Study period ends 19 July 2024

Assessment dates See assessment timetable

Study Period 4

3 Jun 2024 - 20 Sep 2024

✓ Enrolments open now

Early access opens 3 June 2024

Early access to assessments 17 June 2024

Study period commences 1 July 2024

Enrolments close/census 17 July 2024

Study period ends 20 September 2024

Assessment dates See assessment timetable

Study Period 5

29 Jul 2024 - 15 Nov 2024

✓ Enrolments open now

Early access opens 29 July 2024

Early access to assessments 12 August 2024

Study period commences 26 August 2024

Enrolments close/census 11 September 2024

Study period ends 15 November 2024

Assessment dates See assessment timetable

Study Period 6

30 Sep 2024 - 17 Jan 2025

✓ Enrolments open now

Early access opens 30 September 2024

Early access to assessments 14 October 2024

Study period commences 28 October 2024

Enrolments close/census 13 November 2024

Study period ends 17 January 2025

Assessment dates See assessment timetable

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