AIA NZ has announced that it will be sponsoring an independent research project, NZ Adviser Wellbeing Research. The project aims to understand the mental health and overall wellbeing of advisers. AIA is working with Australian researchers Dr Adam Fraser and Dr John Molineux who were both part of a similar study conducted in Australia earlier in the year. The study will explore the current mental health of New Zealand advisers, the habits and attitudes of advisers with positive mental wellbeing as well as the mindsets and behaviours necessary to manage market disruptions. Chief Partnership Insurance Officer Sam Tremethick has noted that AIA is looking to understand the key challenges experienced by advisers. Advisers looking participate can click here.
“AIA NZ is sponsoring an independent research project to better understand the mental health and wellbeing of financial advisers in New Zealand.
The project, called the ‘NZ Adviser Wellbeing Research’, aims to understand the current state of mental health of NZ financial advisers, explore the habits and attitudes of those advisers who are currently experiencing positive mental wellbeing, and understand the mindsets and behaviours needed to evolve and manage significant market disruptions.
Sam Tremethick, Chief Partnership Insurance Officer AIA NZ, says “We’re looking to undertake a ‘temperature check’ on how advisers are going here in NZ. We know there has been a lot of change in recent times, and this research will seek to understand the key challenges experienced by financial advisers locally, particularly in light of increased regulation, operating in a global pandemic and changing client needs.”
AIA NZ is working with Sydney-based researchers Dr Adam Fraser, founder of The e-lab, and Dr John Molineux who specialise in producing reports of this nature. The pair undertook a similar research project earlier this year in Australia, which was a first-of-its-kind study into Australian financial adviser wellbeing. Sponsored by AIA Australia, key findings showed poor levels of mental and physical health among financial advisers including
· 73% of respondents had high levels of burnout from stress
· 67% had experienced some level of depression
· 61% had poor sleep due to stress.
“At AIA NZ we’re committed to helping people live healthier, longer, better lives, and we want to understand how we can better support the NZ adviser market to understand and improve their own health and wellbeing,” Sam says.
The research findings will highlight future opportunities and inform practical applications for improving wellbeing for NZ advisers, and will be shared widely to benefit the broader industry. Take part and share your views! Please click the link to take part in the NZ Adviser Wellbeing Research
The NZ Adviser Wellbeing Research is open until 10 October 2021 to all financial advisers in New Zealand, not just those involved in the life insurance business. It is not a requirement to have previously placed business with AIA NZ.
To encourage participation and show our appreciation, AIA NZ will donate $10 to the Mental Health Foundation for every NZ Adviser Wellbeing survey response received (up to $2,500). Please share your views today; these findings will benefit our industry as a whole, and offer valuable insights into current states of adviser mental wellbeing,” Sam says. ”
In other news
Cigna: Specific Injury short-form application is now available for adding to existing business. The form can be accessed on Adviser Hub.
Cigna: Cigna Live remains postponed until further notice
Partners Life: second educational module: Policy Ownership has been released
Fidelity Life: underwriting and medical forms are now on Adviser hub
Fidelity Life: signatures can be drawn straight on editable forms using a touch screen or inserted as an image
Fidelity Life: application forms are being updated so they can be filled in and signed by customers at home
Fidelity Life: if advisers need to contact Fidelity Life to update anything regarding applications advisers will need to cc the customer or attach their original email for records. This includes:Disclosing medical history, financial detail, occupational or even pastimes. Any changes to their application, for instance a change in sum insured, wait period or benefit period.Start date confirmations and similar notifications