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- Was there a total word count given as part of the assignment?
- Some answers are very short and lack depth. Is it required to make these more detailed? Is there an expectation with regards to length?
- Why are some written in red?
This question assesses the competencies:
- FNSINC401: Apply principles of professional practice to work in the financial services industry
- FNSASICU503: Provide advice in superannuation (generic and specialist knowledge)
Question 1 focuses on the main sectors of the financial services industry and its interrelationship, specifically, with the superannuation industry. It also covers the economic environment.
- Three sectors of the financial services industry have been outlined below (Banking, Insurance and Financial Planning). Briefly outline the role and responsibilities of each of these sectors. Then explain the interrelationship of each sector with the superannuation sector.
(Interrelationship: The way in which two or more things or people are connected and affect one another).