AFC3440

Pension and financial planning ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: Associate Professor Roger Gay

Offered:
Clayton First semester 2006 (Day)

Synopsis: Topics covered include superannuation economics and demographics, industry structure and regulation. Products available from fund managers, life offices and superannuation trusts. Actuarial mathematics, the mortality table, factors affecting selection, endowments, assurances, single, joint and longest life annuities, application to comparative evaluation of commercial retirement products. Financial planners and the financial planning function, accreditation, responsibilities and duties, determination of client objectives and risk profiles. Strategies for Superannuation and Social Security.

Assessment: Option 1: Assignment: 20% + Examination (3 hours): 80% Option 2: Examination (3 hours): 100%

Contact Hours: Three 1-hour classes per week

Prerequisites: AFC2170 or AFC2140 or AFC2240