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.


Citigroup London

Banker was dismissed because of age, tribunal hears

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.

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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PwC cracks down on office drinking

2 Dec 2019

Consulting firm PwC has introduced new rules around when and where employees can drink alcohol in the office.
Under the...

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Supreme Court

Supreme Court hears final Barclays appeal in sexual harassment case

28 Nov 2019

Supreme Court hears final appeal in significant vicarious liability case with a verdict expected in February.

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TSB branch greenwich

TSB to shed jobs and branches as it unveils new strategy

25 Nov 2019

TSB has announced plans for a radical shake-up that will see 82 branches close.

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Lloyd’s launches campaign against harassment

20 Nov 2019

Lloyd’s of London has launched an advertising campaign to encourage workers to speak up against unacceptable behaviour, after a survey...

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Doha

World’s largest fund drops G4S over modern slavery fears

14 Nov 2019

The world's largest sovereign wealth fund, has sold its shares in UK-based security company G4S because of the risk of human rights violations against its workforce in Qatar and the United Arab Emirates.

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Whistleblower’s treatment leads to tribunal case against Lloyds of London firm

14 Nov 2019

A whistleblower alleges he has been subjected to a campaign questioning his motivations and mental health.

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Shorter City trading day would ‘boost diversity and work-life balance’

7 Nov 2019

Equity market opening hours should be shortened by 90 minutes to allow the trading sector to attract and retain a...

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KPMG

KPMG to cut UK internal training team

7 Nov 2019

KPMG this week signalled it is to slash its internal training team, which runs staff training for thousands of UK...

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Accountancy firms lagging behind business on diversity

22 Oct 2019

Research by the Financial Reporting Council (FRC) has shown that the audit and accountancy profession is lagging behind business for...

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10,000 jobs to be cut at HSBC

7 Oct 2019

A huge cost-cutting exercise is planned at HSBC as reports suggest the bank is planning to axe 10,000 jobs worldwide....

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