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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 services
    • Disability discrimination
    • Disability

    Dismissal of NatWest employee with cancer ‘tainted with discrimination’

    by Ashleigh Webber 17 Feb 2022
    by Ashleigh Webber 17 Feb 2022

    Tribunal finds NatWest Group unfairly dismissed and discriminated against an employee after she disclosed her bowel cancer diagnosis.

    • Hybrid working
    • Financial services
    • Hospitality

    IT and telecoms most likely to offer remote roles

    by Personnel Today 7 Feb 2022
    by Personnel Today 7 Feb 2022

    IT and telecoms is the sector where candidates are most likely to be able to find a role working remotely,...

    • Case law
    • Financial services
    • Latest News

    BNP Paribas to pay £2.1m to banker who had witch’s hat left on her desk

    by Rob Moss 31 Jan 2022
    by Rob Moss 31 Jan 2022

    A woman who won a sex discrimination and equal pay case against BNP Paribas has been awarded more than £2...

    • Financial services
    • Latest News
    • Learning & development

    Reskilling could save up to £49k per employee

    by Ashleigh Webber 28 Jan 2022
    by Ashleigh Webber 28 Jan 2022

    Organisations could save up to £49,100 per employee by reskilling staff rather than hiring or making a role redundant.

    • Brexit
    • Europe
    • Financial services

    Ursula von der Leyen to press for EU-wide female board quotas

    by Adam McCulloch 13 Jan 2022
    by Adam McCulloch 13 Jan 2022

    EU moves to establish more female boardroom representation in larger companies is set to be revived.

    • Brexit
    • Coronavirus
    • Europe

    City relocations due to Brexit fall over pandemic

    by Rob Moss 20 Dec 2021
    by Rob Moss 20 Dec 2021

    Brexit-related changes such as relocating staff or establishing new EU offices in the financial services sector has remained subdued over...

    • Social mobility
    • Apprenticeships
    • Financial services

    Goldman Sachs announces degree apprenticeship for traders

    by Jo Faragher 13 Dec 2021
    by Jo Faragher 13 Dec 2021

    Investment bank Goldman Sachs will begin an apprenticeship scheme for traders next September in a bid to broaden diversity and...

    • Coronavirus
    • Financial services
    • Legal sector

    Working from home: businesses to allow staff into offices to protect mental health

    by Personnel Today 10 Dec 2021
    by Personnel Today 10 Dec 2021

    Professional services firms take a more liberal approach to working from home guidance under Plan B.

    • Sexual harassment
    • Bullying and harassment
    • Financial services

    What HR can learn from EY’s response to sexual harassment

    by Zahra Mahmood 30 Nov 2021
    by Zahra Mahmood 30 Nov 2021

    Accountancy firm EY recently hit the headlines for allowing a partner to remain in post after he directed sexual comments...

    • Associative discrimination
    • Financial services
    • Disability discrimination

    Indirect disability discrimination: lessons from Follows v Nationwide

    by Audrey Williams 25 Nov 2021
    by Audrey Williams 25 Nov 2021

    An employment tribunal recently examined the impact of a decision to require a homeworker, who cared for her disabled mother,...

    • Stress
    • Financial services
    • Latest News

    Stockbroker to allow unlimited holiday to stop burnout

    by Jo Faragher 19 Nov 2021
    by Jo Faragher 19 Nov 2021

    Staff at stockbroking firm FinnCap will be able to take unlimited holiday from next year in a bid to prevent...

    • Hybrid working
    • Financial services
    • Carers

    Homeworking: senior Bank of England official fears for women’s careers

    by Adam McCulloch 12 Nov 2021
    by Adam McCulloch 12 Nov 2021

    Catherine Mann warns women over the risk to their careers of working from home.

    • Financial services
    • Latest News
    • Information & consultation

    Staff at Financial Conduct Authority clamour to join union

    by Jo Faragher 13 Oct 2021
    by Jo Faragher 13 Oct 2021

    An ‘unprecedented’ number of employees at the Financial Conduct Authority are seeking union recognition, according to the Unite union.
    The...

    • Financial services
    • Gender
    • Equality, diversity and inclusion

    ‘Mirrortocracy’ holding back inclusion of black women

    by Ashleigh Webber 12 Oct 2021
    by Ashleigh Webber 12 Oct 2021

    Measurable actions are needed to improve inclusion of black women in finance, professional services and technology firms, a report says.

    • Hybrid working
    • Offices
    • Financial services

    Rise of hybrid working sees City firm cancel £10m office move

    by Adam McCulloch 8 Oct 2021
    by Adam McCulloch 8 Oct 2021

    Wealth management firm Brewin Dolphin abandons plan to move into new City offices.

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Personnel Today
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