Depression worsening: Canada Life

Depression worsening: Canada Life

One in five calls made to Canada Life’s employee assistance programme in the first quarter of 2015 have been about poor mental health, the company has revealed.

While stress accounted for the largest proportion of these calls – 43 per cent – depression appears to be the fastest-growing mental health concern.

The number of employees seeking help for depression through EmployeeCare increased by 40 per cent since Q1 2014, and was up by 63 per cent compared with Q1 2013.

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Paul Avis, marketing director at Canada Life Group Insurance, said: “The analysis of calls to our Employee Assistance Programme suggests that depression is nearly as prevalent as stress among UK employees.

“It is clear that employers need to turn their attention to wider mental health issues, focusing not only on stress but also the effects of depression and anxiety.”

Adviser view

Peter Matthew, an adviser with Cornwall-based Jacksons Wealth Management, said: “Attitudes towards mental health have changed a lot, though there is still a way to go.

“The insurance industry does need to be more aware of it.”