Unit of competency Outline

Date retreived
23/07/2026 4:42 PM AWST

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Conduct financial product research to support product recommendations

Conduct financial product research to support product recommendations

Unit of competency
National Code
FNSINC511
State Code
OCI55
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
04/11/2020
View on TGA
State Implementation and Classification
Approved Date
11/03/2021
Field of Education
081103 - Insurance And Actuarial Studies
Original Release Date
11/03/2021
Nominal Hours
80
Description
This unit describes the skills and knowledge required to carry out research by interpreting available information and analysing and reviewing research findings and activities to enable the determination of financial investment strategies, products and options.The unit applies to those who work in a range of financial services job roles involving research functions.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Prepare to conduct financial product research
  • 1.1 Confirm nature and scope of required research and establish research strategy
  • 1.2 Establish timelines to meet required research goal and timeframes
  • 1.3 Identify sources of information relevant to research
  • 1.4 Source and retrieve required information according to organisational policies and procedures
  • 1.5 Prepare research approach based on interpretation of available information and according to organisational policies and procedures
2. Undertake research activities and review
  • 2.1 Conduct research activities according to legislative and confidentiality requirements, organisational policy and guidelines and industry codes of practice
  • 2.2 Analyse research findings and activities to ensure accuracy and thoroughness
  • 2.3 Review and maintain compliance with statutory disclosure requirements
  • 2.4 Seek feedback on effectiveness and appropriateness of research activities from required stakeholders
3. Document and distribute research to required parties
  • 3.1 Check research to ensure compliance with legislative requirements, organisational policy and guidelines, and industry codes of practice
  • 3.2 Finalise research documentation according to organisational procedures
  • 3.3 Obtain required authorisations to release research according to organisational procedures
  • 3.4 Distribute research to required stakeholders according to organisational policies and procedures
  • 3.5 Obtain confirmation of receipt of research information where relevant and complete organisational records of compliance
No information
No information
Replaces
State Code National Code Title Type
AUR89 FNSINC501 Conduct product research to support recommendations Unit of competency