Don't ignore "lockdown fatigue", UK watchdog tells finance bosses

Staff at financial firms in Britain are suffering from "lockdown fatigue" and their bosses are not always making sure all employees can speak up freely about their problems, the Financial Conduct Authority said on Monday.

Many staff at financial companies have been working from home since Britain went into its first lockdown in March last year to fight the COVID-19 pandemic.

One year on, the challenges have evolved from adapting to working remotely to dealing with mental health issues, said David Blunt, the FCA's head of conduct specialists.

"During this third lockdown, there has been a greater impact on mental well-being, with many people struggling with job security, caring responsibilities, home schooling, bereavements and lockdown fatigue."

Bosses should continually revisit how they lead remote teams, he said.

"The impact of COVID-19 is creating a huge workload for those considered to be high performers, while the remote environment potentially makes it much more challenging for those who were previously considered low performers to change that perception," Blunt told a City & Financial online event.

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