^

 
 

Qualification details

FNS60920 - Advanced Diploma of Paraplanning (Release 1)

Summary

Usage recommendation:
Current
Release Status:
Current
Releases:
ReleaseRelease date
1 1 (this release) 04/Nov/2020


Units of competency

CodeSort Table listing Units of Competency by the Code columnTitleSort Table listing Units of Competency by the Title columnEssentialSort Table listing Units of Competency by the Essential column
FNSFPL607 - Prepare advice in margin lendingPrepare advice in margin lendingElective
BSBAUD516 - Develop and monitor processes for the management of breaches in compliance requirementsDevelop and monitor processes for the management of breaches in compliance requirementsElective
FNSCUS512 - Monitor clients’ financial requirementsMonitor clients’ financial requirementsElective
FNSFPL614 - Develop financial plansDevelop financial plansCore
FNSFPL621 - Comply with ethical and operational guidelines, legislation and regulations in financial planningComply with ethical and operational guidelines, legislation and regulations in financial planningCore
FNSFPL613 - Monitor financial plans and provide ongoing serviceMonitor financial plans and provide ongoing serviceElective
FNSFPL620 - Prepare advice in insurance brokingPrepare advice in insurance brokingElective
FNSINC511 - Conduct financial product research to support product recommendationsConduct financial product research to support product recommendationsCore
FNSIBK413 - Place client insurances with insurer and confirm insurance cover with clientsPlace client insurances with insurer and confirm insurance cover with clientsElective
FNSCUS515 - Determine client financial requirements and expectationsDetermine client financial requirements and expectationsElective
Items per page 10 | 20 | 50 | 100
Displaying items 1 - 10 of 54

Classifications

SchemeCodeClassification value
ANZSCO Identifier 222311 Financial Investment Adviser 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 
Qualification/Course Level of Education Identifier 411 Advanced Diploma 
Taxonomy - Industry Sector N/A Insurance 
Taxonomy - Occupation N/A Insurance Advisor,Loss Adjuster 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 222311 Financial Investment Adviser 17/Dec/2020 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 17/Dec/2020 
Qualification/Course Level of Education Identifier 411 Advanced Diploma 04/Nov/2020 
The content being displayed has been produced by a third party, while all attempts have been made to make this content as accessible as possible it cannot be guaranteed. If you are encountering issues following the content on this page please consider downloading the content in its original form

Modification History

Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 5.0.

Qualification Description

This qualification reflects the role of paraplanners who provide a comprehensive range of financial planning services across a variety of product environments, including those involving complex issues and/or requiring innovative strategies. Individuals in these roles require well-developed skills and a broad knowledge base of the financial planning sector and required regulatory frameworks. At this level individuals are expected to apply specialist skills and knowledge in a range of situations to deal with complex situations and issues. They work across a broad range of technical or management functions with accountability for personal outputs and for team outcomes.

Licensing, legislative, regulatory or certification considerations

Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Relevant regulatory authorities should be consulted to confirm those requirements before applying the qualification.

Entry Requirements

Nil

Packaging Rules

Total number of units = 12

9 core units  plus

3 elective units , of which:

  • at least 1 must be from Group A Financial planning
  • up to 2 may be from the remaining elective units in Groups A and B or from any currently endorsed training package qualification or accredited course at AQF Level 5 or above, provided they do not duplicate the outcome of another unit chosen for the qualification.

Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment, and contribute to a valid vocational outcome.

Core units

FNSCUS516 Record and implement client instructions

FNSFPL614 Develop financial plans

FNSFPL615 Present and negotiate financial plans

FNSFPL616 Implement financial plans

FNSFPL621 Comply with ethical and operational guidelines, legislation and regulations in financial planning

FNSFPL622 Conduct financial planning analysis and research

FNSPRM611 Monitor and review organisational system compliance with legislation and regulations

FNSINC411 Conduct work according to professional practices in the financial services industry

FNSINC511 Conduct financial product research to support product recommendations

Elective units

Group A Financial planning 

FNSFPL607 Prepare advice in margin lending

FNSFPL608 Prepare advice in foreign exchange

FNSFPL609 Prepare advice in managed investments

FNSFPL610 Prepare advice in superannuation

FNSFPL617 Prepare advice in derivatives

FNSFPL618 Prepare advice in securities

FNSFPL619 Prepare advice in life insurance

FNSFPL620 Prepare advice in insurance broking

Group B General financial services 

Aged care 

FNSSUP434 Develop and provide knowledge of aged care to superannuation clients

Insurance broking 

FNSIBK413 Place client insurances with insurer and confirm insurance cover with clients

FNSIBK416 Deliver insurance broking services

FNSIBK517 Review insurance broking service performance

FNSIBK518 Implement changes to insurance programs of broking clients

FNSIBK523 Prepare submissions for new insurance broking business

FNSIBK525 Monitor insurance broking client programs

Mortgage broking 

FNSFMB502 Identify and develop broking options for clients with complex needs

FNSFMK505 Comply with financial services regulation and industry codes of practice

Risk and compliance 

BSBAUD514 Interpret compliance requirements

BSBAUD515 Evaluate and review compliance

BSBAUD516 Develop and monitor processes for the management of breaches in compliance requirements

BSBAUD601 Establish and manage compliance management systems

FNSRSK512 Assess risks

FNSRSK612 Determine and manage risk exposure strategies

Self-managed superannuation funds 

FNSSMS511 Invest self-managed superannuation fund assets

FNSSMS512 Manage changes to memberships in self-managed superannuation funds

FNSSMS513 Manage administration activities of self-managed superannuation funds

FNSSMS514 Meet self-managed superannuation fund compliance requirements

FNSSMS515 Support trustees in selecting and monitoring performance of outsourced services

Superannuation 

FNSSUP423 Provide knowledge of retirement planning issues when dealing with superannuation clients

FNSSUP432 Determine impact of social security entitlements on retirement income

General business 

BSBINS402 Coordinate workplace information systems

BSBOPS505 Manage organisational customer service

BSBOPS601 Develop and implement business plans

BSBSTR501 Establish innovative work environments

BSBSUS511 Develop workplace policies and procedures for sustainability

FNSCUS511 Develop and maintain professional relationships in financial services industry

FNSCUS512 Monitor clients’ financial requirements

FNSCUS515 Determine client financial requirements and expectations

FNSFMK522 Apply financial product knowledge in the context of the deal transaction cycle

FNSFMK525 Analyse clients’ financial risk

FNSFPL611 Provide technical and professional financial planning guidance

FNSFPL612 Determine client requirements and expectations in financial planning

FNSFPL613 Monitor financial plans and provide ongoing service

FNSINC503 Identify situations requiring complex ethical decision making

FNSINC504 Apply ethical frameworks and principles to make and act upon decisions

Qualification Mapping Information

No equivalent qualification. Newly created.

Links

Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe