Completing the assignment
For this assignment you are required to complete the following tasks:
In your assessment workbook:
– complete SOA Appendix 1 cash flow tables
– complete SOA Appendix 2 projections and assumptions
The information and resources that can assist you in answering the questions in this assignment can be primarily sourced from your topic notes. Some data will have to be externally sourced.
The word count shown with each question is indicative only. You will not be penalised for exceeding the suggested word count. Please do not include additional information which is outside the scope of the question.
You work for KeyPlan Pty Ltd, a financial planning company which is an Australian Financial Services Licence holder and a registered life insurance broker.
Your company has planners who can provide advice in:
Your advice is limited to the areas in which you have completed appropriate accreditation.
KeyPlan does not deal in the establishment of self-managed superannuation funds, provide real estate evaluations and advice, income tax preparation, superannuation fund accounting, superannuation fund administration or the preparation of legal documents such as wills or trusts. You can assume that you have gained registration from the Tax Practitioners Board (TPB) as a tax (financial) adviser.
You have organised a meeting with new clients, Ben and Sarina Masoni, who are seeking advice regarding their current situation. Sarina has just been made redundant from her current employer. This event, together with an inheritance about to be received by Sarina, has acted as a trigger for them to concentrate their efforts now to build an effective long-term wealth strategy for their eventual retirement.
Ben and Sarina have said they wish to become more active investors but admit they are time poor and would rather enjoy more family time when they are not working, rather than managing the complications of financial investments and strategies. They are looking for an effective wealth creation and estate plan and want peace of mind to know that it is structured to meet their and the family’s needs. The following pages detail the information you have obtained from them at your initial meeting.Order Now