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.


Lloyds Bank says staff will be working at home until spring at least

Lloyds Bank's has told most of its UK employees not to return to the office until at least spring.

The impact of Covid-19 on senior executives’ contracts

20 Oct 2020

Senior executives' relationship with new employers is changing as they look to safeguard their positions against a background of instability.

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Services sector ‘overlooked’ in Brexit trade talks

13 Oct 2020

The needs of the UK’s £225bn professional services sector are being overlooked in the UK-EU trade talks according a sub-committee...

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City traders working from home must be monitored

13 Oct 2020

A City watchdog has warned financial services firms that it expects them to have updated their policies, refreshed their training...

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Office space under review at three-quarters of financial firms

8 Oct 2020

Insurance firms, finance houses and banking firms leading the way in seeking to reduce space.

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Thousands of redundancies planned at Shell, TSB and Disney

30 Sep 2020

Thousands more job losses are expected at Royal Dutch Shell, Greggs, TSB and Disney in response to changing in demand...

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Stonewall announces top global employers for LGBT equality

21 Sep 2020

Lesbian, gay, bisexual and transgender equality charity Stonewall has announced its Top Global Employers for 2020.

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First female chief executive for a Wall St bank chosen

11 Sep 2020

Citigroup has named Scotland-born Jane Fraser as its new chief executive.

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Cross-party MPs add to pressure on Sunak to extend furlough

11 Sep 2020

MPs on the Treasury Select Committee call on the government for targeted support for specific sectors after 31 October.

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Big UK cities lagging on footfall as return to office stalls

10 Sep 2020

Return to the office in UK's major cities proves slow as businesses are advised to rethink the role of the office.

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JP Morgan

Global bank to make working from home permanent

25 Aug 2020

JPMorgan Chase will introduce rotational working model with large proportion of staff able to work from home on a regular basis.

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UK banks increase number of female board members

18 Aug 2020

The proportion of women employed on the boards of banks in the UK has risen 9% since 2015, compared with a 2% increase in Europe.

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Office rents tumble as leading firms back homeworking

18 Aug 2020

Leasing activity in the capital has fallen by 57 percentage points: PwC and Schroders revise flexible working policy.

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HSBC and BA push ahead with restructuring plans

3 Aug 2020

HSBC will accelerate its plans to cut 35,000 jobs globally. BA crew agree deal to include a holding pool of pilots on reduced pay.

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Contractor loses sexual discrimination case against HSBC

30 Jul 2020

A worker who claimed she was forced out of her role at HSBC after having an affair with a superior...

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