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 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
TSB’s leadership team will have their bonuses docked after the firm failed to increase the proportion of women in senior...
PwC cracks down on office drinking
Consulting firm PwC has introduced new rules around when and where employees can drink alcohol in the office.
Under the...
Supreme Court hears final Barclays appeal in sexual harassment case
Supreme Court hears final appeal in significant vicarious liability case with a verdict expected in February.
TSB to shed jobs and branches as it unveils new strategy
TSB has announced plans for a radical shake-up that will see 82 branches close.
Lloyd’s launches campaign against harassment
Lloyd’s of London has launched an advertising campaign to encourage workers to speak up against unacceptable behaviour, after a survey...
World’s largest fund drops G4S over modern slavery fears
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.
Whistleblower’s treatment leads to tribunal case against Lloyds of London firm
A whistleblower alleges he has been subjected to a campaign questioning his motivations and mental health.
Shorter City trading day would ‘boost diversity and work-life balance’
Equity market opening hours should be shortened by 90 minutes to allow the trading sector to attract and retain a...
KPMG to cut UK internal training team
KPMG this week signalled it is to slash its internal training team, which runs staff training for thousands of UK...
Accountancy firms lagging behind business on diversity
Research by the Financial Reporting Council (FRC) has shown that the audit and accountancy profession is lagging behind business for...
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...
