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Financial services

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.


    • Financial services
    • Latest News
    • Economics, government & business

    Barclays Bank boss warns Reeves over public sector wages

    by Adam McCulloch 12 Sep 2025
    by Adam McCulloch 12 Sep 2025

    Venkatakrishnan said that, while the government needed to restrict rising public sector wages, the inflationary impact of pay rises was an issue across the UK economy.

    • Financial services
    • Latest News
    • Redundancy

    Lloyds Banking Group to target underperformers for job cuts

    by Jo Faragher 5 Sep 2025
    by Jo Faragher 5 Sep 2025

    Lloyds Banking Group will use performance management measures to put around 5% of its staff at risk of dismissal, according to reports.

    • Benefits
    • Employee-shareholders
    • Financial services

    Revolut employees to receive share sale payout

    by Zoe Wickens 2 Sep 2025
    by Zoe Wickens 2 Sep 2025

    Fintech firm Revolut launches share sale that pushes valuation up by two-thirds, resulting in employees receiving a payout.

    • Financial services
    • Apprenticeships
    • Early careers

    Deloitte to hire 1,500 graduates and apprentices

    by Nic Paton 2 Sep 2025
    by Nic Paton 2 Sep 2025

    Accountancy firm Deloitte has said it intends to take on nearly 1,500 graduates and apprentices between now and December.
    The...

    • Australia
    • Change management
    • Financial services

    Bankers learn of redundancy in email gaffe asking for laptop return

    by Rob Moss 29 Aug 2025
    by Rob Moss 29 Aug 2025

    More than 100 ANZ bankers prematurely learn their being made redundant in email gaffe requesting they return their laptop.

    • Benefits
    • Financial services
    • Financial wellbeing

    FCA issues clarity on workplace savings schemes to boost employer uptake

    by Rob Moss 27 Aug 2025
    by Rob Moss 27 Aug 2025

    Financial Conduct Authority issues statement to provide clarity on workplace savings schemes, to help more employers offer them.

    • Hybrid working
    • General Data Protection Regulation
    • Financial services

    PwC uses traffic-light monitoring for office attendance

    by Rob Moss 14 Aug 2025
    by Rob Moss 14 Aug 2025

    PwC uses traffic-light dashboard to monitor employees' attendance in the office, taking data from swipe cards and WiFi connections.

    • Change management
    • NHS
    • Financial services

    Personnel Today Awards 2025 shortlist: Change management

    by Adam McCulloch 14 Aug 2025
    by Adam McCulloch 14 Aug 2025

    The huge efforts made to shift cultures, revitalise particular functions and improve performance at each of our shortlisted change management entries impressed the judges

    • Sexual harassment
    • Financial services
    • Discipline

    Adviser who made sexual remarks unfairly dismissed by Barclays

    by Jo Faragher 11 Aug 2025
    by Jo Faragher 11 Aug 2025

    A financial adviser who was accused of making sexual comments to female colleagues was unfairly dismissed thanks to procedural failures.

    • Financial services
    • Latest News
    • Ethnicity pay gap

    Gender pay gaps narrow in 2024-25

    by Rob Moss 17 Jul 2025
    by Rob Moss 17 Jul 2025

    The average UK gender pay gap has seen the second largest decrease since the introduction of pay gap reporting in 2017.

    • Financial services
    • Latest News
    • Fraud

    Financial analyst guilty of insider dealing while WFH

    by Jo Faragher 20 Jun 2025
    by Jo Faragher 20 Jun 2025

    A financial analyst and his sister have been convicted of insider dealing and money laundering after using working from home as a cover.

    • Artificial intelligence
    • Financial services
    • Latest News

    Allianz to cut 650 jobs in the UK

    by Adam McCulloch 19 Jun 2025
    by Adam McCulloch 19 Jun 2025

    Allianz tells employees in its UK insurance arm that it is to cut 650 jobs because of difficult market conditions.

    • Financial services
    • Equality, diversity and inclusion
    • ESG

    Finance professionals expect less emphasis on ESG and DEI

    by Jo Faragher 18 Jun 2025
    by Jo Faragher 18 Jun 2025

    More than half of senior professionals in UK financial services believe their employer will place less emphasis on DEI and ESG in the future.

    • Apprenticeships
    • NHS
    • Financial services

    Scrapping Level 7 apprenticeship funding is a ‘major blow’

    by Rob Moss 27 May 2025
    by Rob Moss 27 May 2025

    Impact of limiting Level 7 apprenticeship funding to 16 to 21-year-olds will be felt by the NHS, accountancy firms and leadership training.

    • Hybrid working
    • Bonuses
    • Financial services

    HSBC employees warned of office attendance link to pay

    by Adam McCulloch 22 May 2025
    by Adam McCulloch 22 May 2025

    Staff at the finance giant have been warned via a memo that office attendance could lead to a pay cut via annual appraisals.

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