While the usual UK employment laws apply to financial services employers, there are a number of key extra issues for them to deal with.
For example, individuals performing controlled functions must have approved person status, which is obtained by making an application to the Financial Conduct Authority and/or the Prudential Regulation Authority.
XpertHR provides HR information and guidance for employers in financial services.
A financial analyst and his sister have been convicted of insider dealing and money laundering after using working from home as a cover.
Allianz tells employees in its UK insurance arm that it is to cut 650 jobs because of difficult market conditions.
More than half of senior professionals in UK financial services believe their employer will place less emphasis on DEI and ESG in the future.
Impact of limiting Level 7 apprenticeship funding to 16 to 21-year-olds will be felt by the NHS, accountancy firms and leadership training.
Staff at the finance giant have been warned via a memo that office attendance could lead to a pay cut via annual appraisals.
Points are granted or docked using its Karma system, which was introduced in 2020 to oversee how well employees met risk and compliance rules.
A former Citibank employee has settled a sex and disability discrimination claim for £215,000.
Santander has announced plans to close 95 branches across the UK, putting 750 jobs at risk.
FCA announces decision to fine Crispin Odey £1.8m and ban him from the UK financial services industry for a lack of integrity.
The Prudential Regulation Authority and the Financial Conduct Authority have written to Treasury Committee MPs to state they will retain existing framework rather than apply new DEI measures.
Solicitors Regulation Authority orders BNP Paribas lawyer to pay £31,000 after using nicknames such as ‘Pol Pot’ and ‘Jabba the Hutt’.
The UK’s finance leaders are stressed and overworked, a survey has concluded, with more than half (56%) saying they work...
JP Morgan is grappling with desk shortages at its London head office after demanding its 22,000 UK employees fully return to the workplace.
Barclays doubles its CEO’s pay to £10.5m as the bank's top performers share a bonus pot of £1.9bn.
Zurich UK publishes its social mobility pay data, the first insurance company and one of just a handful of companies in the UK to do so.
