NZQA registered unit standard
28379 version 1
Page 1 of 3
Title
Demonstrate understanding of KiwiSaver investment concepts and
quantify retirement saving goals
Level
5
Credits
5
Purpose
People credited with this unit standard are able to:
–
demonstrate understanding of investment concepts
applicable to KiwiSaver schemes, and
–
quantify retirement saving goals.
Classification
Financial Services > Financial Services - Professional Practice
Available grade
Achieved
Explanatory notes
1
References
Consumer Guarantees Act 1993;
Fair Trading Act 1986;
Income Tax Act 2007;
KiwiSaver Act 2006;
other relevant industry codes of practice;
and all subsequent amendments and replacements.
2
Range
Assessments requiring application or demonstration of skills and knowledge may be
performed using workplace evidence or evidence derived from simulation or scenario
based activities.
All activities must comply with legislation, regulations, and best practice, including
any guidance notes published by the agency responsible for the relevant enactment
or code.
Outcomes and evidence requirements
Outcome 1
Demonstrate understanding of investment concepts applicable to KiwiSaver schemes.
Evidence requirements
1.1
Describe the main asset classes in terms of their characteristics.
Range
The Skills Organisation
SSB Code 100401
asset classes include but are not limited to – equities (shares),
fixed interest investments including government and nongovernment debt, property investments, cash;
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
28379 version 1
Page 2 of 3
where domestic and international variations of an asset class are
ordinarily available, the characteristics of both must be described;
characteristics include but are not limited to – benchmark and long
term expected return, risk, liquidity, mix of investment gain
between income and capital growth.
1.2
Describe characteristics of investments in KiwiSaver managed investments.
Range
1.3
characteristics include but are not limited to – fee structures,
member control.
Demonstrate understanding of the concept of investment risk and return and its
relevance to KiwiSaver investment strategies.
Range
investment risk includes but is not limited to – capital risk, currency
risk, financial risk, market risk, liquidity risk, negative returns,
returns below inflation rate.
1.4
Explain portfolio management theories in terms of asset allocation,
diversification, and risk management.
1.5
Explain portfolio management approaches in terms of methodology and
diversification benefits.
Range
1.6
methodologies include but are not limited to – active/passive,
value/growth, country and sector allocation, life stage approach.
Explain investment concepts and options that are specific to KiwiSaver.
Range
default scheme, default fund, switching.
Outcome 2
Quantify retirement saving goals.
Evidence requirements
2.1
Perform calculations to determine the financial requirements to achieve
identified retirement goals.
Range
The Skills Organisation
SSB Code 100401
three examples are required for each of – lump sum required to
produce an identified income, income produced from an identified
lump sum, lump sum generated from an identified regular savings
amount, regular savings amount required to produce an identified
lump sum;
results are not required to be generated from first principles or
formula, use of financial calculator, spread sheets or software
tools is acceptable, including on-line resources.
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
Planned review date
28379 version 1
Page 3 of 3
31 December 2017
Status information and last date for assessment for superseded versions
Process
Version Date
Last Date for Assessment
Registration
1
19 February 2015
N/A
Consent and Moderation Requirements (CMR) reference
0003
This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA,
before they can report credits from assessment against unit standards or deliver courses
of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and
which are assessing against unit standards must engage with the moderation system that
applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies
to this standard are outlined in the Consent and Moderation Requirements (CMR). The
CMR also includes useful information about special requirements for organisations wishing
to develop education and training programmes, such as minimum qualifications for tutors
and assessors, and special resource requirements.
Comments on this unit standard
Please contact The Skills Organisation reviewcomments@skills.org.nz if you wish to
suggest changes to the content of this unit standard.
The Skills Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016