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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.
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.
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...
12 Sep 2019
A financial product manager for the French bank BNP Paribas has won her case for direct sex discrimination, victimisation and...
6 Sep 2019
John McDonnell, the shadow chancellor, has said a future Labour government could ban bonuses in the City, unless the financial...
15 Aug 2019
Banks need to “step up” their plans for the UK leaving the EU without a deal, the European Central Bank...
8 Jul 2019
Deutsche Bank has announced it will cut 18,000 jobs over the next three years as part of a major reorganisation....
26 Jun 2019
An HR role in financial services can offer the chance to shine—but it will also be demanding. Stephanie Sparrow reports...
25 Jun 2019
Three-quarters of staff who have a mental health concern are reluctant to make use of support provided by their employer,...
14 Jun 2019
The London Metal Exchange (LME) has banned dealers on its trading floor from working under the influence of alcohol.
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.
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.
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.
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.
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