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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.


    • 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
    • Career development
    • Gender

    ‘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.

    • Right to work
    • Brexit
    • 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
    • Equality, diversity and inclusion

    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
    • Europe
    • Coronavirus

    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
    • Vaccinations
    • USA

    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.

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Personnel Today
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