Financial services seek mental health training the most
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.”
Recommended for you
With regional and rural suburbs exhibiting high spare capacity to invest, Money Management speaks to three regional advisers on the opportunities beyond the major cities and the importance of a strong network.
Platform consolidation is expected to accelerate among financial advisers this year, as software company Finura pinpoints which two platforms are set to be the winners, thanks to this trend.
The software provider has made several appointments in its APAC wealth propositions team, with a focus on driving growth across digital advice, Xplan and strategic partnerships.
The platform has announced it plans to close its Xplore managed discretionary account service in 2026 which holds $2 billion in funds under administration.