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Morrison urged to push banks into funding financial counsellors

Matthew Cranston

The Morrison government is being urged to force the big banks to help fund a doubling of financial counselling services across the country over the next four years.

A review, recommended by this year's banking royal commission, has recommended that initial contributions of $20 million this financial year should come from the four big commercial banks through a voluntary arrangement.

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Matthew Cranston was The Australian Financial Review’s United States correspondent. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com

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    Original URL: https://www.afr.com/politics/federal/morrison-urged-to-push-banks-into-funding-financial-counsellors-20191002-p52wzn