PRINCIPLES OF RETIREMENT AND ESTATE PLANNING

FIN3PRE

Not currently offered

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. You 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.

School: La Trobe Business School (Pre 2022)

Credit points: 15

Subject Co-ordinator: Michael Li

Available to Study Abroad/Exchange Students: Yes

Subject year level: Year Level 3 - UG

Exchange Students: No

Available as Elective: No

Learning Activities: Classroom activities and discussion, Analytical case study

Capstone subject: No

Subject particulars

Subject rules

Prerequisites: FIN2FPL OR FIN2IFP

Co-requisites: N/A

Incompatible subjects: FIN3REP

Equivalent subjects: FIN3REP

Quota Management Strategy: N/A

Quota-conditions or rules: N/A

Special conditions: N/A

Minimum credit point requirement: N/A

Assumed knowledge: N/A

Learning resources

Australian Superannuation Handbook

Resource Type: Book

Resource Requirement: Prescribed

Author: Jones, S.

Year: N/A

Edition/Volume: latest edition

Publisher: THOMSON REUTERS

ISBN: 9780864697943

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

Career Ready

Career-focused: No

Work-based learning: No

Self sourced or Uni sourced: N/A

Entire subject or partial subject: N/A

Total hours/days required: N/A

Location of WBL activity (region): N/A

WBL addtional requirements: N/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

COMMUNICATION - Communicating and Influencing

DISCIPLINE KNOWLEDGE AND SKILLS

INQUIRY AND ANALYSIS - Creativity and Innovation

INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving

INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry

PERSONAL AND PROFESSIONAL - Adaptability and Self-Management

PERSONAL AND PROFESSIONAL - Ethical and Social Responsibility

Intended Learning Outcomes

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

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

03. Analyse and critically evaluate a comprehensive set of client circumstances in order to identify the superannuation, retirement and estate planning needs and goals of a client.

04. Describe and evaluate the application of superannuation and retirement products, including those provided through the Social Security system.

05. Research, evaluate and apply a range of superannuation, retirement and estate planning strategies appropriate to the needs and objectives of a client in an ethical and professional manner.

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

07. Evaluate the importance and legal framework of trusts (including testamentary trusts), asset protection, and powers of attorney strategies in the process of estate planning.

08. Develop industry standard skills in report writing, financial modelling and the presentation of information to clients.

Subject not currently offered - Subject options not available.