The new firm will offer consultancy and tailored coaching services to companies in the pensions industry and is designed to improve mindfulness. The service will encourage organisations to consider approaches to boost productivity, improve the wellbeing of staff, and reduce stress levels to assist the industry to make more informed decisions on behalf of the pension savers they support.
Speaking at the launch of Mindfulness Pensions, Butcher said the impact stress has on productivity is “well documented” and the numbers involved are “staggering”.
He said: “Figures suggest that 76% of employees feel moderate to high levels of stress which is worrying as a worried workforce can’t be a productive or resilient workforce. We also know that stress costs UK PLC over £5bn annually and causes over 15 million lost days of work and with 79% of UK employees experiencing burnout, and 35% reporting extreme levels of burnout it’s clear that the time for action is now.
“I’ve used mindfulness for the past 40 years to help me deal with some highly stressful work and personal circumstances, and it has underpinned my approach to becoming the trustee that I am today. The fundamental problem is that we all tend to lack awareness in the present moment, raking over the past in our minds, fretting endlessly about the future and wasting huge amounts of energy in the process. Mindfulness is about releasing all that energy by being in the present moment.”
Butcher added: “In setting up Mindful Pensions and blending my mindfulness experience with my experience of holding senior pensions industry roles, I hope to do my bit in helping the industry be a healthier, more fulfilling and more productive place to work – ultimately making a positive difference to millions of savers.”