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.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorMichael Li

Available to Study Abroad/Exchange StudentsYes

Subject year levelYear Level 3 - UG

Available as ElectiveNo

Learning ActivitiesClassroom activities and discussion, Analytical case study

Capstone subjectNo

Subject particulars

Subject rules

PrerequisitesFIN2FPL OR FIN2IFP

Co-requisitesN/A

Incompatible subjectsFIN3REP

Equivalent subjectsFIN3REP

Quota Management StrategyN/A

Quota-conditions or rulesN/A

Special conditionsN/A

Minimum credit point requirementN/A

Assumed knowledgeN/A

Learning resources

Australian Superannuation Handbook

Resource TypeBook

Resource RequirementPrescribed

AuthorJones, S.

YearN/A

Edition/Volumelatest edition

PublisherTHOMSON REUTERS

ISBN9780864697943

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Career Ready

Career-focusedNo

Work-based learningNo

Self sourced or Uni sourcedN/A

Entire subject or partial subjectN/A

Total hours/days requiredN/A

Location of WBL activity (region)N/A

WBL addtional requirementsN/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

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.

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