Mental health in Financial Services
Initiated and led by The Lord Mayor’s Appeal in partnership with Barclays, Business Healthy, City Mental Health Alliance and Mind, ‘This is Me – in the City’, aims to break the silence and encourage people to talk about mental health in the workplace and #endthestigma.
According to the Mental Health Charity Mind, 1 in 4 people in the United Kingdom will experience mental ill-health in any given year, and many will suffer in silence. Statistics show that workplace mental health problems cost the UK economy over £26 billion a year through lost working days, staff turnover and lower productivity, with 1 in 6 workers experiencing depression, anxiety or stress. Yet many people still don’t feel comfortable talking about it. A recent survey by Mind and YouGov found that, of those who had taken time off sick with stress, 95 per cent gave their employer a different reason for their absence, such as a headache.
The Green Ribbon Campaign, launched by ‘This is Me – In the City’ encourages financial services professionals to wear a green ribbon to start a dialogue about mental health and wellbeing. Each ribbon is branded with the message “Together we can #endthestigma”- and will be worn by employees across the City and beyond during Mental Health Awareness Week from 8th to 12th May 2017, to give staff a platform to talk about their own experiences of poor mental health at work. Whilst it can be daunting for employees to openly talk about mental health, businesses taking part are sending a signal to their staff that they take this issue seriously and recognise that mental health problems can affect anyone, regardless of their role or seniority.
Paul Farmer, CEO of Mind, noted: “Stress and poor mental health at work are commonplace, especially within the high-pressure, fast-paced environment of the City. Employers can no longer afford to ignore these issues, which is why it’s refreshing to see so many organisations getting on board with ‘This is Me – in the City’. Workplace wellbeing initiatives such as these help raise awareness of mental health at work and tackle the stigma surrounding it.
“Employees sharing their own experiences sends a message to other staff that they can do the same. As well as encouraging employees to talk openly about these issues, it’s also really important that staff are reassured that if and when they do speak out, they’ll be met with support and understanding, rather than stigma and discrimination. Getting involved with ‘This is Me-in the City’ should be seen as just one part of a wider workplace wellbeing strategy in which employers aim to tackle the causes of work-related stress and poor mental health, promote wellbeing for all staff and support employees experiencing a mental health problem.”
Last year hundreds of local and national events were led by over ninety partner organisations, hundreds of volunteers and over sixty campaign ambassadors with real-life experience of mental health problems ready to share their stories to help the others and break the silence.
The FISER Group is proud to be taking part in this year’s campaign alongside more that 30 city firms including Bank of England, Baker McKenzie, Deutsche Bank, Aberdeen Asset Management and UBS.
“Knowing we can begin to change the perception of mental health in the workplace with something as simple as starting a conversation is a powerful message.” said Colin Webster, CEO of The FISER Group. “The City can be an extremely demanding and pressured environment, and it is in the interest of both financial services firms and professionals to work together to change the culture around mental health. We’re proud to be taking part in the ‘This is Me – the City’ campaign to help end the stigma.”
BRUIN Financial, part of The FISER Group, is holding a breakfast forum in association with ‘This is Me – The City’ on 29th June, focusing on mental health and wellbeing in financial services. For more information please contact Colin Webster.