20 July 2018
Quilter plc is proud to announce that it has signed the Time to Change pledge to demonstrate its commitment to challenging the stigma of mental health problems in the workplace.
95% of employees in the UK who take time off work with stress give a different reason for their absence. Considering at least one in four British workers are affected by conditions like anxiety, depression and stress every year, this is a problem that every business needs to address. Unfortunately, 48% of people surveyed by Time to Change said they would not talk to their employer about their mental health - a statistic that it is working to change alongside businesses.
Quilter joins over 800 employers in the UK which have also pledged to help reshape the way business thinks and acts towards mental health issues.
Quilter is introducing a holistic programme encouraging more open conversations about mental health which is a key foundation of our Thrive programme that incorporates tools and support for physical, financial, social, and emotional and mental health and wellbeing.
Since Time to Change started in 2007, it has reached millions of people across England and begun to improve attitudes and behaviour towards mental health problems. Its national surveys show that attitudes are improving, up 9.6% between 2008 and 2016 - that's an estimated 4.1m people with improved attitudes.
The surveys also show that people's willingness to live with, work with and continue a relationship with someone with mental health problems has improved by 11%. The campaign is guided by the charities Mind and Rethink Mental Illness and is funded by the Department of Health & Social Care, Comic Relief and the National Lottery.
Quilter chief executive officer, Paul Feeney, said:
“Like physical health, good mental health is crucial to our wellbeing, happiness and ability to thrive. That’s why I’m delighted that we have signed the Time to Change pledge, so we can challenge the stigma that so often comes with mental health issues and create the environment in which our people can thrive.
By signing the pledge, we commit to equip our employees with the tools and support they need to boost mental health awareness, understanding and wellbeing. I want our people to feel safe to share their personal experiences with mental health issues, in the same way they would with physical health issues, and create an environment where no one ever feels like they have to hide the challenges they are facing.”
Jo Loughran, Director of Time to Change, said:
“We know it can be hard to talk about mental health, which is why we’re supporting employers to open up; to talk and to listen. Too many people with mental health problems are made to feel isolated, ashamed and worthless, but with the right support, those of us with mental health problems can recover and have equal opportunities in all areas of life. Everyone’s attitude makes a difference and it’s fantastic to see organisations like Quilter taking the lead.
“Many leading employers have found that making a strategic commitment to the mental wellbeing of their workforce not only benefits their staff but also their bottom-line, improving productivity and staff retention. With one in six British workers experiencing mental illness it’s time for businesses to make a change and start creating more mentally healthy workplaces.”
For more information contact
023 8072 6260
Notes to editors:
About Quilter plc:
Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.
Quilter plc oversees £118.1 billion in customer investments (as at 30 September 2018).
It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions and discretionary fund management.
The business is comprised of two segments: Wealth Platforms and Advice and Wealth Management.
Wealth Platforms includes the Old Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.
Advice and Wealth Management encompasses the financial planning network, Intrinsic; Quilter Private Client Advisers; discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.
The Quilter plc businesses are being re-branded to Quilter over a period of approximately two years:
- The Multi-asset business is now Quilter Investors
- Intrinsic to Quilter Financial Planning
- The private client advisers business is now Quilter Private Client Advisers
- The UK Platform to Quilter Wealth Solutions
- The International business to Quilter International
- The Heritage life assurance business to Quilter Life Assurance
- Quilter Cheviot will retain its name
This press release is for journalists only and should not be relied upon by financial advisers or customers.
Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.
This communication is issued by Quilter plc. Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270. Registered in England.