With over $1.3 trillion accumulated within Australian superannuation funds, trustees have an important responsibility in managing how these funds are invested. ASFA Investment looks at a trustee’s obligations in investing superannuation monies within the regulatory framework of the SIS legislation. ASFA Investment, together with RG 146 Superannuation Essentials, meets ASIC’s RG146 knowledge requirements for general advice in managed investments.
On successful completion, you will receive a Statement of Attainment that shows RG 146 compliance for general advice in managed investments.
Suitable for
Trustees, investment and compliance staff, service providers and custodians would find this subject valuable.
Licensing
This subject meets ASIC’s RG146 knowledge requirements for general advice in managed investments when combined with RG 146 Superannuation Essentials. An additional skills assessment is needed to be able to provide personal advice.
Assumed knowledge
RG 146 Superannuation Essentials or RG 146 Superannuation
Topics
This subject covers the knowledge areas required for ASIC for general advice in managed investments and focuses on the issues relevant for trustees with respect to investment management in superannuation.
Learning outcomes
After studying this subject, students should be able to:
- Interpret the influence of economic factors on financial markets and therefore the effect on the investment of superannuation funds
- Identify the steps, and describe the processes behind, the development of a superannuation fund’s investment objectives and strategy
- Apply your understanding of investment objectives and strategy by analysing a superannuation fund’s investment objectives and strategy
- Describe the key features and risk/return characteristics of the major asset classes and their roles within a superannuation fund
- Describe the key features and risk/return characteristics of alternative investments and their roles within a superannuation fund
- Recognise the benefits and risks associated with the use of derivatives within a superannuation fund, and the regulatory requirements that trustees must be aware of in relation to the use of derivatives in a fund
- Outline the processes and steps behind how a trustee invests the fund’s assets so that it conforms with the fund’s investment objectives and strategy
- Describe the various ways investment managers’ performance can be measured and the selection processes that must be undertaken in the appointment of a new investment manager
- List and describe the investment management options available to trustees
- Appreciate the important role of service providers and how they help trustees with their task of running a superannuation fund
Qualification
This subject can be counted towards either a Diploma of Financial Planning (FNS50610) or the Advanced Diploma of Superannuation (FNS60510).
Assessment
Assignment 1
Assignment 2
Final assessment
Availability
Flexible on-line (commence any time)
Face-to-face (corporate workshop)
Duration
This subject must be completed within 6 months from commencement.
CPD points
24