Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Financial services seek mental health training the most

mental-health/SuperFriend/wellbeing/health-and-wellbeing/

17 June 2020
| By Jassmyn |
image
image image
expand image

Over 80% of mental health and wellbeing training session delivered by SuperFriend over the last three months were for staff in the financial services sector.

The workplace mental health and wellbeing organisation said there had been an increased demand for its training amid the COVID-19 pandemic.

The top industries that sought support for their employees were financial services, government and energy.

SuperFriend noted the Productivity Commission said mental health cost Australian workplaces $17 billion a year and estimated that one-in-five Australians experienced a mental health condition in any year and over their lifetime.

SuperFriend chief executive, Margo Lydon, said: “The pandemic is testing the mental health of Australian workers through ongoing challenges; changes to their work, whether through reduced hours or being laid off, working remotely or behind protective equipment, and job insecurity or financial stress.

“In a short space of time, there has been an increase in anxiety around physical safety and fear for loved ones, along with a decrease in financial and job security. On top of this, forced isolation means withdrawing from our usual social networks, exacerbating loneliness and often worsening existing mental health issues.

“It’s more important now than ever to talk about mental health, especially around the challenges we're all experiencing.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

6 days 6 hours ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 month ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month 1 week ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

1 week 2 days ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

2 weeks 2 days ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

2 weeks 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND