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.


Lloyd's of london champagne

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

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

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...

Continue Reading Comments { 0 }

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...

Continue Reading Comments { 0 }
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.

Continue Reading Comments { 0 }
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.

Continue Reading Comments { 0 }

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...

Continue Reading Comments { 0 }
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.

Continue Reading

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.

Continue Reading Comments { 0 }

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...

Continue Reading Comments { 0 }
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...

Continue Reading Comments { 0 }

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...

Continue Reading Comments { 1 }

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....

Continue Reading Comments { 0 }

Fresh concern over jobs as UK service sector slumps

4 Oct 2019

The UK's service sector, which makes up 80% of the country's economy, contracted in September prompting fears of a recession.

Continue Reading Comments { 0 }

One in 12 Lloyd’s of London workers witnessed sexual harassment

24 Sep 2019

Almost one in 12 workers at Lloyd’s of London have witnessed sexual harassment in the past year, prompting the world’s...

Continue Reading Comments { 0 }

City banker wins sexism case for unequal pay and victimisation

12 Sep 2019

A financial product manager for the French bank BNP Paribas has won her case for direct sex discrimination, victimisation and...

Continue Reading Comments { 0 }