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

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.

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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...

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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...

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Labour could ban City bonuses

6 Sep 2019

John McDonnell, the shadow chancellor, has said a future Labour government could ban bonuses in the City, unless the financial...

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Banks need to transfer more staff to EU for no-deal Brexit

15 Aug 2019

Banks need to “step up” their plans for the UK leaving the EU without a deal, the European Central Bank...

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Deutsche Bank to cut 18,000 jobs in reorganisation

8 Jul 2019

Deutsche Bank has announced it will cut 18,000 jobs over the next three years as part of a major reorganisation....

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HR in financial services: a sector rich in opportunities?

26 Jun 2019

An HR role in financial services can offer the chance to shine—but it will also be demanding. Stephanie Sparrow reports...

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financial-services-mental-health

Financial services staff reluctant to raise mental health concerns, survey finds

25 Jun 2019

Three-quarters of staff who have a mental health concern are reluctant to make use of support provided by their employer,...

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Traders in the 'ring' of the London Metals Exchange

City trading floor bans alcohol

14 Jun 2019

The London Metal Exchange (LME) has banned dealers on its trading floor from working under the influence of alcohol.

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Lloyd's of London

Lloyd’s of London sexual harassment cases multiply

14 Jun 2019

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.

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Talk to the money: Why finance and HR must collaborate more

30 May 2019

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.

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whistleblowing

Whistleblowing culture ‘firmly entrenched’ in the UK

16 May 2019

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.

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NatWest pays female worker £150,000 to settle equal pay claim

10 May 2019

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.

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City of London

How to navigate managers regime, GDPR and criminal records checks

10 May 2019

How financial firms need to navigate the major data privacy implications of criminal records checks made necessary by the Senior Managers and Certification Regime

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