From financialnewswire.com.au: Superannuation fund members who seek personal advice from external providers may subsidise the costs for those receiving collectively charged advice through their superannuation funds, according to the Stockbrokers and Investments Advisers Association (SIAA).

The SIAA warns this arrangement disproportionately affects younger members, who tend to subsidise older members as the need for advice increases with approaching retirement.

The SIAA calls for amendments to include self-managed superannuation funds in the regime of targeted superannuation prompts, arguing that these provisions should be accessible to all advice providers.