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.


Financial whistleblower wins £75k payout in sex discrimination case

Female compliance worker been subjected to sex discrimination after raising concerns about potential financial malpractice.

Lift

Pandemic risk poses major questions of commercial property market

25 Jun 2020

Demand for office space in skyscrapers plummets as crowded lifts consigned to the past.

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HSBC resurrects plans to cut 35,000 jobs

17 Jun 2020

HSBC is to press ahead with plans for mass redundancies that had been put on hold at the peak of...

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PwC facial recognition tool criticised for home working privacy invasion

16 Jun 2020

Accounting giant PwC has come under fire for the development of a facial recognition tool that logs when employees are...

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Worker awarded compensation after missed antenatal check-up

15 Jun 2020

IT finance analyst is awarded £4,000 in a case involving attitudes to sickness, workloads, mental health and pregnancy.

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BNY Mellon

US banking whistleblower is awarded $50m

8 Jun 2020

UK finance sector given pause for thought by huge US whistleblower payout.

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Working from home proves real bonus for City employees

26 May 2020

Large majority of finance workers find lack of commuting a key benefit in their new working lives.

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Steep rise in tech roles at banks

26 May 2020

Conventional banks are looking to expand tech teams all over the UK - not only in London.

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Barclays chief executive: Flexible working will become the norm

29 Apr 2020

Barclays chief executive Jes Staley has claimed that office blocks housing thousands of workers could become a thing of the...

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EY to appeal against $11m gold whistleblower verdict

20 Apr 2020

EY accountant uncovered money laundering at gold bullion dealer and wins claim against employer.

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City jobs market rebound cut short by coronavirus

20 Apr 2020

The City jobs market enjoyed a healthy rebound in the first month of the year – only to be cut...

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Barclays not liable for sexual assaults committed by contractor

2 Apr 2020

Barclays Bank is not liable for the numerous alleged sexual assaults committed by a self-employed doctor who had been contracted...

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How banks can balance stability and innovation

11 Mar 2020

As coronavirus affects stock markets and the Bank of England cuts interest rates, Dr Simon Hayward looks at the challenges...

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Gender pay inequality increases in financial services

9 Mar 2020

HSBC has reported the widest median hourly gender pay gap among financial services companies to report so far.

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IR35: Surely blanket bans are not the answer?

3 Mar 2020

Rather than run the risk of being caught out by the extension of off-payroll working rules to the private sector,...

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