Regulation

FCA staff receiving stress-related counselling triples in ‘challenging’ pandemic year

The UK’s markets watchdog doubled its spending on initiatives to boost employee morale in the year to early 2021

Charles Randell, chair of the Financial Conduct Authority
Charles Randell, chair of the Financial Conduct Authority

The numbers of Financial Conduct Authority staff receiving counselling for “work or external stress” tripled during the first year of a pandemic which has prompted a spike in mental ill-health amongst City workers.

Just under 60 employees at the UK's markets watchdog sought free counselling for stress-related matters in the 12 months to February 2021, up from from 21 in the year to February 2020 , according to a response to a Freedom of Information request by Financial News.

WSJ Logo