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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.


    • Brexit
    • Right to work
    • Financial services

    Employers face hurdles despite rush of EU settlement approvals

    by Adam McCulloch 17 Sep 2021
    by Adam McCulloch 17 Sep 2021

    ‘Mad rush’ to attain EU settlement status in June but employers face difficulties with skills and red tape.

    • Social mobility
    • Financial services
    • Legal sector

    KPMG to increase proportion of working class recruits

    by Adam McCulloch 9 Sep 2021
    by Adam McCulloch 9 Sep 2021

    KPMG is aiming for nearly a third of its partners and directors to come from a working class background by 2030.

    • Coronavirus
    • Financial services
    • Legal sector

    Businesses could face welter of fraud probes once furlough ends

    by Adam McCulloch 9 Sep 2021
    by Adam McCulloch 9 Sep 2021

    The government is looking to recoup a suspected £7bn of fraudulent or erroneous Coronavirus Job Retention Scheme (CJRS) claims, says tax specialist.

    • Hybrid working
    • Coronavirus
    • Europe

    Bank staff who don’t want vaccine told they can stay at home

    by Adam McCulloch 3 Sep 2021
    by Adam McCulloch 3 Sep 2021

    Multinational bank UBS has told staff that they can continue to work from home if they haven't yet chosen to be vaccinated against Covid.

    • Earned wage access
    • Financial services
    • Financial wellbeing

    Digital bank Revolut to offer early wage access

    by Jo Faragher 19 Aug 2021
    by Jo Faragher 19 Aug 2021

    UK digital banking start-up Revolut has announced that it will allow customers to access up to half their monthly salary...

    • Hybrid working
    • Offices
    • Financial services

    Office space enquiries surge but pace of recovery remains uncertain

    by Adam McCulloch 10 Aug 2021
    by Adam McCulloch 10 Aug 2021

    Serviced office giant IWG says it has seen strong demand for hybrid working solutions and was cautiously optimistic about the rest of the fiscal year.

    • Hybrid working
    • Coronavirus
    • USA

    Amazon delays office staff’s return to the workplace

    by Adam McCulloch 6 Aug 2021
    by Adam McCulloch 6 Aug 2021

    Office staff were originally due back on 7 September, but the online retailer has announced a new date of 3 January 2022.

    • Coronavirus
    • USA
    • Financial services

    Investment giant offers US staff $1,000 vaccination incentive

    by Adam McCulloch 5 Aug 2021
    by Adam McCulloch 5 Aug 2021

    New wave of infections in the US focuses efforts to increase vaccination rates.

    • Financial services
    • Latest News
    • Pay & benefits

    Goldman Sachs to increase junior bankers’ pay

    by Personnel Today 3 Aug 2021
    by Personnel Today 3 Aug 2021

    The investment bank is set to increase junior bankers pay after reports of 95-hour weeks.

    • Financial services
    • Equality, diversity and inclusion
    • Latest News

    Finance regulator proposes diversity benchmarks for City boards

    by Adam McCulloch 29 Jul 2021
    by Adam McCulloch 29 Jul 2021

    At least one of the senior board positions should be a woman, the FCA proposed, and at least one should be from a non-white ethnic minority background.

    • Hybrid working
    • Financial services
    • Legal sector

    Large rise in lawyers who want to work flexible hours

    by Adam McCulloch 29 Jul 2021
    by Adam McCulloch 29 Jul 2021

    Almost two-thirds of the UK’s lawyers now want to work flexible hours compared with less than a quarter before the Covid pandemic.

    • Financial services
    • Gender
    • Equality, diversity and inclusion

    Finance must take on ‘tougher challenges’ to boost female representation

    by Ashleigh Webber 19 Jul 2021
    by Ashleigh Webber 19 Jul 2021

    The number of women on executive committees and boards in UK finance firms has grown significantly over the past five years.

    • Coronavirus
    • Financial services
    • Health and safety

    Goldman Sachs to require London staff to wear face masks

    by Ashleigh Webber 16 Jul 2021
    by Ashleigh Webber 16 Jul 2021

    Goldman Sachs will be asking workers in London to wear face masks, while Sainsbury's and Tesco have joined a list of retailers urging shoppers to use them.

    • Financial services
    • Discipline
    • Latest News

    JP Morgan unfairly dismissed trader to ‘appease regulators’, tribunal finds

    by Ashleigh Webber 8 Jul 2021
    by Ashleigh Webber 8 Jul 2021

    A trader who lost his job at JP Morgan Chase & Co following allegations of market manipulation was unfairly dismissed...

    • Financial services
    • Gender
    • Equality, diversity and inclusion

    ‘Speed up diversity’ finance regulators tell City

    by Adam McCulloch 7 Jul 2021
    by Adam McCulloch 7 Jul 2021

    Groupthink and overconfidence in decision making can both be countered by introducing more diversity at City firms, say regulators.

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