Unit of competency Outline

Date retreived
22/07/2026 7:15 AM AWST

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Extract and analyse information on specified financial strategies and products

Extract and analyse information on specified financial strategies and products

Unit of competency
National Code
FNSFPL401
State Code
AUX20
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
081105 - Investment And Securities
Original Release Date
16/09/2015
Nominal Hours
50
Description
This unit describes the skills and knowledge required to research information on specified financial products and strategies for use in the financial planning process. It encompasses interpreting research requirements, researching financial products and strategies, summarising research information and contributing to financial plan recommendations.It applies to individuals who, within their level of responsibility, independently and accurately research and analyse information using systematic approaches to contribute recommendations.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Notes
Elements and Performance Criteria
1. Interpret research requirements
  • 1.1 Review and quantify client information and objectives, and establish research topics
  • 1.2 Check specifications of products and/or services to be researched with senior financial planner
  • 1.3 Establish and accurately interpret aims and objectives of research, and measure against client requirements and expectations
  • 1.4 Establish timeframes and prioritise requests to ensure available information is useable and justifiable
2. Research financial products and strategies to set guidelines
  • 2.1 Ensure data extraction criteria are relevant to intended use and client requirements
  • 2.2 Identify trends to provide meaningful information on strategies and product performance
  • 2.3 Identify potential risk factors associated with researched strategies and products
  • 2.4 Analyse financial products and strategies within appropriate timeframes to ensure currency of decision making
  • 2.5 Identify issues that require specialist and/or independent research or advice
3. Summarise research information and contribute to recommendations
  • 3.1 Collate, prioritise and check information on financial strategies and products against research specification
  • 3.2 Analyse research for completeness and assess for relevant implications of information
  • 3.3 Prepare written performance, trend and risk analyses and check against research specification
  • 3.4 Define and record any qualifications or issues for further research
  • 3.5 Provide recommendations to financial planning process according to organisational procedures and guidelines
No information
No information
Replaces
State Code National Code Title Type
D4136 FNSFPL401A Extract and analyse information on specified financial strategies and products Unit of competency