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.
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
Dozens of FTSE 350 organisations, including household names such as Domino’s Pizza, JD Sports and Greene King, have been urged...
Major bank reverses its working from home ban
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.
How a great people culture has boosted Metro Bank’s performance
In a round table discussion at the UNLEASH Conference & Expo in London later this month, Metro Bank’s chief people...
Bank of England sees BAME resignation rate soar
The Bank of England is seeing a disproportionate number of ethnic minority staff leave the organisation, with it admitting that...
Sexual harassment and the City: change is in the air
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
Third of UK companies considering Brexit move abroad
A third of UK companies are looking to relocate abroad because of fears over Brexit.
An Institute of Directors (IoD)...
City employers used 2018 to tie down talent before Brexit
Banking, financial and professional services companies used 2018 to “tie down” talent before the 2019 Brexit leave date, according to...
Financial services stress levels at highest since crash
The number of stress-related absences in financial services is higher now than in the immediate aftermath of the 2008 financial...
City of London to boost allure for firms with large-scale green plan
Workers and companies in the City of London are to benefit from plans to improve office space flexibility, air quality...
Fears over City jobs post-Brexit reignited by French bank
Investment bank Société Générale is the latest large City employer to contemplate a shift of employees to the Continent.
With...
Grant Thornton boss Sacha Romanovitch resigns after partner disquiet
Sacha Romanovitch, the first female head of a major professional services firm, is to resign at the end of the...
Financial services: How to resolve your top three HR challenges
With Brexit looming and AI threatening to replace roles, assessment now has a broader role to play in resolving the...
Finance leaders say AI will soon replace half of banking sector’s jobs
A former Barclays chief executive has joined the Bank of England’s chief economist, Citigroup’s investment chief and other leading bankers...
Top law firm points to lack of clarity over including partners in gender pay sums
Leading UK-headquartered law firm Allen & Overy (A&O) has come under fire from MPs for failing to include £1.5m of...
