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.
Barclays CEO fined £642k over whistleblower probe
Barclays chief executive Jes Staley was last week fined £642,430 for breaking rules by attempting to identify a whistleblower. The...
Barclays CEO faces fines after whistleblowing probe
City regulators are set to fine Barclays chief executive Jes Staley over his investigation of a whistleblower who breached their...
Public backs keeping workers’ rights from EU
Britons overwhelmingly back keeping – often strengthening – workers’ rights derived from the EU post Brexit, according to research published...
New corporate offence of failing to prevent facilitation of tax evasion
A new criminal corporate offence of failing to prevent facilitation of tax evasion comes into effect on 30 September 2017....
ClearScore CEO: Why my fast-growing company needs HR
Credit checking company ClearScore is one of the UK’s fastest growing financial technology companies, doubling in size every six months....
Five key compliance challenges for HR
HR departments face a constant barrage of new regulation and compliance requirements, and forthcoming developments such as GDPR will add...
WhatsApp and confidential data: where to draw the line with social media
An investment bank employee has been investigated by the Financial Conduct Authority (FCA) after sharing confidential client information over WhatsApp....
Senior Managers Regime: New rules on references from 7 March
New rules regarding references in the financial services industry come into force on 7 March as part of the Senior...
Financial services whistleblowing regime comes into force
New whistleblowing rules come into force today that apply to banks and building societies, and some investment and insurance companies....
RBS sets gender diversity targets above Davies recommendations
RBS has pledged to get at least 30% female representation in its most senior roles across each of its business...
Brexit vote will cause widespread hiring freeze, says IoD
A quarter of companies will impose a hiring freeze after the UK’s decision to leave the EU, a snap poll...
References in the banking sector: what HR needs to know
Employers in the banking sector must comply with tough new requirements as part of major regulatory reform. What impact will...
Financial watchdogs announce new whistleblowing rules
The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have published a package of new rules to make...
