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.


Traders in the 'ring' of the London Metals Exchange

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

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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Workers on London Bridge

Sharp rise in disability discrimination claims at tribunals

29 Apr 2019

There were 6,550 disability discrimination claims at employment tribunals last year, a 37% rise on the year before (4,770), according to Ministry of Justice figures.

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sexual harassment case

City firm IMF settles sexual harassment case

15 Apr 2019

Nathalie Abildgaard who took on her former employer over sexual harassment has been paid £270,000 ($492,000) by the City firm, which opted to settle just prior to a further legal hearing.

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FTSE 350 firms risk investor disquiet over diversity

15 Mar 2019

Dozens of FTSE 350 organisations, including household names such as Domino’s Pizza, JD Sports and Greene King, have been urged...

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BNY Mellon

Major bank reverses its working from home ban

7 Mar 2019

The world's largest custodian bank and asset servicing company, the Bank of New York Mellon, has halted its plan to stop all 50,000 of its staff across the world from working from home.

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How a great people culture has boosted Metro Bank’s performance

7 Mar 2019

In a round table discussion at the UNLEASH Conference & Expo in London later this month, Metro Bank’s chief people...

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Bank of England sees BAME resignation rate soar

19 Feb 2019

The Bank of England is seeing a disproportionate number of ethnic minority staff leave the organisation, with it admitting that...

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sexual harassment case

Sexual harassment and the City: change is in the air

15 Feb 2019

A claim of sexual harassment currently being heard at employment tribunal could end up leading to significant changes of behaviour and culture among City firms

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Paris

Third of UK companies considering Brexit move abroad

1 Feb 2019

A third of UK companies are looking to relocate abroad because of fears over Brexit.
An Institute of Directors (IoD)...

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City employers used 2018 to tie down talent before Brexit

30 Jan 2019

Banking, financial and professional services companies used 2018 to “tie down” talent before the 2019 Brexit leave date, according to...

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