CoronavirusJun 8 2020

Advice firm execs forego salary amid Covid-19

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Advice firm execs forego salary amid Covid-19
ByAmy Austin

Directors at Wesleyan Financial Services, specialist adviser to doctors, dentists, lawyers and teachers, have agreed to donate parts of their salary to organisations supporting the mental health needs of key workers.

Each non-executive director and the group chief executive officer Mario Mazzocchi will donate 10 per cent of their salary, while chairman Nathan Moss will donate 20 per cent of his salary to these causes for the next six months.

Non-executive directors have also declined their scheduled pay increase and the firm’s executive committee members will forego any performance-related bonuses during 2020.

The specialist adviser has also launched a psychological triage assessment service to support key workers during the coronavirus pandemic. 

The online screening gives users access to clinical consultants who can advise on wellbeing, as well as offer virtual cognitive behavioural therapy and physiotherapy if required.

The service is a part of the Wesleyan Wellbeing offering, an online platform that gives people access to free 24/7 health and wellbeing support.

Mr Moss said: “At Wesleyan, we are proud to be creating brighter financial futures for the UK’s most trusted professions, and we want to show our gratitude for their ongoing sacrifice and commitment during these difficult times.

“As a mutual with the interests of our members and communities at heart, we hope that this psychological support service, together with our charitable donations, will help to ease some of the pressures that are being faced by our members and front-line workers.”

To date, Wesleyan’s charity has gifted £100,000 to organisations supporting the mental health needs of key workers.

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