PRINCIPLES OF RETIREMENT AND ESTATE PLANNING

FIN3PRE

2018

Credit points: 15

Subject outline

In this subject you will receive an introduction to superannuation and retirement planning with a focus on major trends and features of the industry, the framework in which the industry operates and an examination of the role of superannuation and retirement planning within the financial planning process. The subject will also examine the estate planning discipline and the important role it plays in the financial planning process. You will learn to estimate the future financial needs of individuals in retirement, based on stated goals, and developing appropriate knowledge and skills required to devise optimal strategies for clients in both the accumulation and retirement phases of life. Various types of retirement plans will be evaluated, including superannuation funds, pensions, annuities and other insurance based products. In the area of estate planning, you will study the fundamental principles of estate planning, the interaction between estate and retirement planning and the application of estate planning to solve the needs of clients.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorDarren Henry

Available to Study Abroad StudentsYes

Subject year levelYear Level 3 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites FIN2IFP OR FIN2FPL

Co-requisitesN/A

Incompatible subjects FIN3REP

Equivalent subjects FIN3REP

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsAustralian Superannuation Handbook - latest editionPrescribedJones, S.THOMSON REUTERS

Graduate capabilities & intended learning outcomes

01. Develop an understanding of the basic features of Australia's superannuation and retirement incomes policy;

Activities:
Assignment (case study) that develops student's skills, knowledge and understanding
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)

02. Develop an understanding of the importance of the regulatory framework that superannuation operates under and the roles of the major regulators

Activities:
Lectures and tutorial discussions, Mid-semester test
Related graduate capabilities and elements:
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)

03. Understand the key features of the estate planning area and the important role that estate planning plays in the financial planning process

Activities:
Lectures and classroom teaching and discussion.
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

04. Analyse and critically evaluate a comprehensive set of client circumstances in order to identify the needs and goals of a client;

Activities:
Classroom activities and discussion, Analytical case study
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)

05. Examine and apply a range of superannuation, retirement and estate planning strategies appropriate to the needs and objectives of a client

Activities:
Classroom activities and discussion, Analytical case study
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy)
Literacies and Communication Skills (Writing,Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)

06. Develop more advanced skills in report writing, financial modelling and the presentation of information to clients.

Activities:
Analytical case study, Tutorial problems.
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)

Subject options

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Start date between: and    Key dates

Melbourne, 2018, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDarren Henry

Class requirements

Lecture Week: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Tutorial Week: 31 - 43
One 1.0 hours tutorial per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
One 1,500-word analytical case studySummative assessment task. This assessment will report on the Graduate Capabilities of Critical Thinking and Inquiry/Research.30 01, 04, 06
One 1-hour mid-semester test, equivalent to 1,000 words per studentSummative assessment task.20 02
One 2-hour final examination, equivalent to 2,000 words per studentHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject. Summative assessment task. This assessment will report on the Graduate Capabilities of Quantitative literacy and Discipline Specific knowledge and skills.50 02, 03, 05