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.
10,000 jobs to be cut at HSBC
A huge cost-cutting exercise is planned at HSBC as reports suggest the bank is planning to axe 10,000 jobs worldwide....
Fresh concern over jobs as UK service sector slumps
The UK's service sector, which makes up 80% of the country's economy, contracted in September prompting fears of a recession.
One in 12 Lloyd’s of London workers witnessed sexual harassment
Almost one in 12 workers at Lloyd’s of London have witnessed sexual harassment in the past year, prompting the world’s...
City banker wins sexism case for unequal pay and victimisation
A financial product manager for the French bank BNP Paribas has won her case for direct sex discrimination, victimisation and...
Labour could ban City bonuses
John McDonnell, the shadow chancellor, has said a future Labour government could ban bonuses in the City, unless the financial...
Banks need to transfer more staff to EU for no-deal Brexit
Banks need to “step up” their plans for the UK leaving the EU without a deal, the European Central Bank...
Deutsche Bank to cut 18,000 jobs in reorganisation
Deutsche Bank has announced it will cut 18,000 jobs over the next three years as part of a major reorganisation....
HR in financial services: a sector rich in opportunities?
An HR role in financial services can offer the chance to shine—but it will also be demanding. Stephanie Sparrow reports...
Financial services staff reluctant to raise mental health concerns, survey finds
Three-quarters of staff who have a mental health concern are reluctant to make use of support provided by their employer,...
City trading floor bans alcohol
The London Metal Exchange (LME) has banned dealers on its trading floor from working under the influence of alcohol.
Lloyd’s of London sexual harassment cases multiply
Further evidence of a culture of lewd behaviour at Lloyd's of London emerged this week after an executive was suspended after sending a sexually suggestive email about a female colleague.
Talk to the money: Why finance and HR must collaborate more
This HR-finance partnership is hugely valuable to organisations if they can get it right. But new research has revealed collaboration is proving difficult to instigate.
Whistleblowing culture ‘firmly entrenched’ in the UK
Although 35% of UK businesses have no system in place for whistleblowing, a comparison with other economically similar nations in Europe shows that the UK is ahead of the curve.
NatWest pays female worker £150,000 to settle equal pay claim
A former NatWest employee has won a £150,000 pay out after it emerged she was earning thousands of pounds less than a male colleague.
How to navigate managers regime, GDPR and criminal records checks
How financial firms need to navigate the major data privacy implications of criminal records checks made necessary by the Senior Managers and Certification Regime
