The Role and Responsibilities Financial Services Industry - Accounting Assignment Help

Assignment Task

This written assignment should be completed in a safe environment of your choosing (e.g. during work, at home, etc.).

• Organisational policy, procedures, legislation, regulations and codes of practice
• Financial services and superannuation product information
• Specialist financial services software and data
• Common office equipment, technology, software and consumables.

QUESTION
This question focuses on the main sectors of the financial services industry and how they are interconnected with the superannuation industry. It also covers the economic environment.
1a.Two sectors of the financial services industry have been listed below (Banking and Insurance). Complete the table by:

• Briefly outlining the role and responsibilities of both sectors.
• Explaining how each sector is interconnected with the superannuation sector.
• Role and responsibilities of the sector
• How is the sector interconnected with the superannuation sector?
• Role and responsibilities of the sector
• How is the sector interconnected with the superannuation sector?

1b.External forces are pressures or factors outside a super funds control such as changes in the economic, social and political climate. For each of the external forces listed:

• Describe a change/pressure outside the control of the superannuation industry
• Give a specific example to explain how super funds have responded to the change or pressure described
• Briefly describe an economic change or pressure outside the control of super funds
• Give a specific example to explain how super funds have responded or are responding to this change
• Briefly describe a social change or pressure outside the control of super funds
• Give a specific example to explain how super funds have responded or are responding to this change
• Briefly describe a legislative or policy change outside the control of super funds
• Give a specific example to explain how super funds have responded or are responding to this change

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