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.
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.
Insurance company Aviva has increased its use of the levy “considerably” in the past five years, according to chief people officer Danny Harmer.
Employees at Citigroup can continue to work remotely two days a week, its boss has said, confirming that the bank is embracing hybrid working as a long-term strategy.
The bank has raised its minimum office attendance requirement to three days a week, up from two days a week.
Workers at outsourcer Capita have begun strike action in a dispute over their employer’s refusal to negotiate a pay award for 2024.
More than one in three financial services firms are ‘missing out’ on the benefits of apprenticeships, according to new research.
