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.


Barclays banker given £10k pay-out in toilet access case

A tribunal has found Barclays had failed to make reasonable adjustments for a banker who had Crohn's disease.

The Children and Families Act has received Royal Assent.

Greensill scandal: civil servants ordered to declare outside interests

15 Apr 2021

Senior civil servants have been asked, by the end of the week, to declare paid roles or outside interests that could conflict with civil service rules.

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Goldman Sachs commits to office return with new Birmingham hub

13 Apr 2021

Goldman Sachs is to open a new office in Birmingham this year, which will initially serve as a tech hub.

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Hancock met Greensill over NHS salary advance scheme

12 Apr 2021

Health secretary was lobbied by David Cameron and financier Lex Greensill to introduce earned wage access scheme in NHS, it has emerged.

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Barclays outlines policy to avoid burnout among junior bankers

12 Apr 2021

Barclays has told junior staff to take Saturdays off and book at least two five-day periods of annual leave a year in order to avoid burnout.

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Nationwide Building Society: Why we decided staff could work from home

9 Apr 2021

We now see almost daily announcements from companies allowing staff to work from home. But when an 180-year-old building society...

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JP Morgan cuts office space and warns of Brexit relocation

8 Apr 2021

Annual letter to shareholder reveals concerns over UK's future; Archbishop of Canterbury condemns Goldman Sachs over long hours.

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1,200 HSBC employees to work permanently from home

8 Apr 2021

HSBC acts on results of employee survey but nearly a third opt to work in offices at least some of the time.

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Financial services workers call for flexibility

7 Apr 2021

More than half of employees in financial services would like to see changes to their working week post-Covid, according to a survey.

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food hamper delivery

Goldman Sachs managers sent junior employees food hampers

30 Mar 2021

Fruit and snack hampers were not a company policy but were paid for by managers themselves.

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EY drops appeal against whistleblower judgment

30 Mar 2021

EY has dropped its appeal against a judgment ordering it to pay $10.8m to a whistleblower who raised money laundering concerns.

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deliveroo rider

Deliveroo riders paid as little as £2ph, study alleges

26 Mar 2021

New study on riders' pay, strike action, investor criticism and Rashford talks mark bumpy run-up to Deliveroo flotation.

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Santander to close branches and cut office space

25 Mar 2021

Santander has announced it is to close 111 branches across the UK, with 840 staff being affected by the closures.

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Hybrid-working to be the future for Nationwide staff

25 Mar 2021

Nationwide is to allow 13,000 of its 18,000 employees to decide where they work.

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Goldman Sachs boss tells staff to go extra mile despite hours concerns

23 Mar 2021

The chief executive of Goldman Sachs has encouraged staff to ‘go the extra mile’, even if they feel they’ve reached their limit.

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