Stress prevalence highlights need for IP

The Mental health and the UK economy report, commissioned by UnumProvident and carried out by Oxford Economics, reveals mental ill-health costs the economy £10bn a year and the annual growth rate for mental and behavioural disorder claims is 5.4%, compared with the 0.8% growth in overall incapacity benefit claims. In addition, the report estimates over 10 million working days were lost as a result of stress, depression and anxiety in 2005/06. Peter Barnett, head of external affairs at UnumProvident, believes IFAs need to convince their clients that mental illness could happen to them and...