Industry super fund for the energy industry, Energy Super, has teamed up with national health promotion foundation, SuperFriend, to promote mental health among Queensland energy and resource industry employers.
With one in five Australians dealing with a mental health issue, the super fund has tied up with SuperFriend, which will offer specialised mental health promotion initiatives to employers in the industry.
Energy Super chief executive, Robyn Petrou, said mental health issues were particularly prevalent in male-dominated energy and resources industries.
She said men are three times more likely to die by suicide compared to females, and men in their 50s were more likely to make an insurance claim for mental illness.
"This internal change and cultural shift aims to identify and address the underlying mental health issues found in this high-pressure industry, which can result in on-site drug and alcohol abuse that endangers them and their colleagues," she said.
"To support this, we've also trained our front-line staff to be aware of mental health issues when talking to members and to take action to support them."
SuperFriend will undertake an initial audit and review of current employee mental health initiatives, before making recommendations for customised programs from either SuperFriend or other mental health experts like ‘Mates in Construction', Petrou said.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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