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.


Barclays not liable for sexual assaults committed by contractor

Barclays Bank is not liable for the numerous alleged sexual assaults committed by a self-employed doctor who had been contracted...

How banks can balance stability and innovation

11 Mar 2020

As coronavirus affects stock markets and the Bank of England cuts interest rates, Dr Simon Hayward looks at the challenges...

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Gender pay inequality increases in financial services

9 Mar 2020

HSBC has reported the widest median hourly gender pay gap among financial services companies to report so far.

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IR35: Surely blanket bans are not the answer?

3 Mar 2020

Rather than run the risk of being caught out by the extension of off-payroll working rules to the private sector,...

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coronavirus

Share prices fall in response to coronavirus alarm

24 Feb 2020

Projections point to a recovery later this year as global efforts to contain the outbreak bear fruit.

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Barclays abandons ‘creepy’ people analytics project

20 Feb 2020

Barclays has scrapped the use of an employee monitoring platform following a backlash from staff and criticism from privacy professionals...

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IR35 will force out half of contractor workforce

12 Feb 2020

Half of contractors plan to leave clients in the next eight weeks thanks to changes to the IR35 ‘off-payroll’ rules...

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Lloyds staff struggling with money, according to union survey

10 Feb 2020

Almost a third of workers at Lloyds Bank are struggling financially, according to a confidential union survey seen by The...

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Lords launches IR35 inquiry as freelancer confidence ‘plummets’

6 Feb 2020

A House of Lords select committee is to scrutinise the extension of IR35 rules to the private sector, just two...

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RAD Awards 2020 winners: TMP Worldwide takes Work of the Year with The AA

31 Jan 2020

TMP Worldwide took the coveted Work of the Year for its campaign for The AA.

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Citigroup London

Banker was dismissed because of age, tribunal hears

16 Jan 2020

A 55-year-old Citigroup banker who was told “you are old and set in your ways” won his case at employment tribunal earlier this month, pending appeal.

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Lloyd's of London

Lloyd’s of London whistleblowing hotline inactive for 16 months

23 Dec 2019

Lloyd’s of London’s whistleblowing hotline – the only anonymous channel for employees to report concerns – was not operational for more than a year.

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IT workers

Artificial intelligence roles head up list of UK emerging jobs

13 Dec 2019

Artificial intelligence and tech roles fill the top ranks of the UK's fastest emerging jobs according to new data revealed by LinkedIn.

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Lloyd's of london champagne

Lloyd’s of London staff urged to behave during Christmas party season

6 Dec 2019

Lloyd’s of London has urged its own staff and those of its members to behave correctly at this year’s Christmas...

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TSB bosses bonuses to be cut after failing to hit 2020 gender target

3 Dec 2019

TSB’s leadership team will have their bonuses docked after the firm failed to increase the proportion of women in senior...

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