The Financial Planning Association of Australia has launched a mental health program as a way to help its members transition to new professional standards.
The new wellbeing program provides confidential support by qualified counsellors and psychologists for its members amid unprecedented change in the emerging financial planning profession, the FPA said in a statement.
It said the program includes personal, confidential support sessions with qualified counsellors and psychologists via phone, live chat or face-to-face, as well as access to a library of health and wellbeing resources available via a mobile app, computer or tablet.
FPA chief executive Dante De Gori noted the toll the recent Hayne royal commission and related legislative changes now underway have taken on many advisers.
“We are in the midst of extraordinary change as a profession. Higher education standards are forcing many of us to go back to the books and study, which is not easy when you’re running a business, a family, and volunteering in your community, like so many of our members do,” Mr De Gori said.
“Let me be clear that raising standards and advancing change is absolutely necessary, but at the same time very, very difficult. We’re encouraging members to prioritise their wellbeing and reach out if they need more support to navigate the changes affecting all of us in different ways. Our new FPA Wellbeing support program is one way to do that.
“Managing your mental health during times of change and challenge is important for everyone. I’m proud to be offering this service to our members, and we’ll be providing more ongoing resources, insights and support for managing mental health and wellbeing.”
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