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.


sexual harassment case

City firm IMF settles sexual harassment case

Nathalie Abildgaard who took on her former employer over sexual harassment has been paid £270,000 ($492,000) by the City firm, which opted to settle just prior to a further legal hearing.

FTSE 350 firms risk investor disquiet over diversity

15 Mar 2019

Dozens of FTSE 350 organisations, including household names such as Domino’s Pizza, JD Sports and Greene King, have been urged...

Continue Reading Comments { 1 }
BNY Mellon

Major bank reverses its working from home ban

7 Mar 2019

The world's largest custodian bank and asset servicing company, the Bank of New York Mellon, has halted its plan to stop all 50,000 of its staff across the world from working from home.

Continue Reading Comments { 4 }

How a great people culture has boosted Metro Bank’s performance

7 Mar 2019

In a round table discussion at the UNLEASH Conference & Expo in London later this month, Metro Bank’s chief people...

Continue Reading Comments { 0 }

Bank of England sees BAME resignation rate soar

19 Feb 2019

The Bank of England is seeing a disproportionate number of ethnic minority staff leave the organisation, with it admitting that...

Continue Reading Comments { 0 }
sexual harassment case

Sexual harassment and the City: change is in the air

15 Feb 2019

A claim of sexual harassment currently being heard at employment tribunal could end up leading to significant changes of behaviour and culture among City firms

Continue Reading Comments { 0 }
Paris

Third of UK companies considering Brexit move abroad

1 Feb 2019

A third of UK companies are looking to relocate abroad because of fears over Brexit.
An Institute of Directors (IoD)...

Continue Reading Comments { 1 }

City employers used 2018 to tie down talent before Brexit

30 Jan 2019

Banking, financial and professional services companies used 2018 to “tie down” talent before the 2019 Brexit leave date, according to...

Continue Reading Comments { 0 }
City man stressed out financial services

Financial services stress levels at highest since crash

21 Jan 2019

The number of stress-related absences in financial services is higher now than in the immediate aftermath of the 2008 financial...

Continue Reading Comments { 0 }
Greening city

City of London to boost allure for firms with large-scale green plan

5 Nov 2018

Workers and companies in the City of London are to benefit from plans to improve office space flexibility, air quality...

Continue Reading Comments { 0 }
societe generale offices london

Fears over City jobs post-Brexit reignited by French bank

2 Nov 2018

Investment bank Société Générale is the latest large City employer to contemplate a shift of employees to the Continent.
With...

Continue Reading Comments { 0 }

Grant Thornton boss Sacha Romanovitch resigns after partner disquiet

16 Oct 2018

Sacha Romanovitch, the first female head of a major professional services firm, is to resign at the end of the...

Continue Reading Comments { 0 }

Financial services: How to resolve your top three HR challenges

30 Aug 2018

With Brexit looming and AI threatening to replace roles, assessment now has a broader role to play in resolving the...

Continue Reading Comments { 0 }

Finance leaders say AI will soon replace half of banking sector’s jobs

24 Aug 2018

A former Barclays chief executive has joined the Bank of England’s chief economist, Citigroup’s investment chief and other leading bankers...

Continue Reading Comments { 0 }

Top law firm points to lack of clarity over including partners in gender pay sums

3 Aug 2018

Leading UK-headquartered law firm Allen & Overy (A&O) has come under fire from MPs for failing to include £1.5m of...

Continue Reading Comments { 0 }