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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
    • 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
    • Equality, diversity and inclusion
    • Gender

    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.

    • Social mobility
    • Financial services
    • Equality, diversity and inclusion

    ‘Poor conduct around diversity should impact bankers’ careers’

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

    Proposal to make adverse conduct part of an individual’s ‘fit and proper’ assessment, catches employment lawyer's eye.

    • Financial services
    • Latest News
    • Learning & development

    Financial services facing ‘skills ticking time bomb’

    by Ashleigh Webber 23 Jun 2021
    by Ashleigh Webber 23 Jun 2021

    Four in five HR leaders in financial services say their organisation is facing a skills crisis.

    • Benefits
    • Financial services
    • Latest News

    NatWest offers staff discounted fertility treatment

    by Zoe Wickens 22 Jun 2021
    by Zoe Wickens 22 Jun 2021

    UK banking organisation NatWest Group has introduced employee discounts for a multitude of fertility treatments.

    • Hybrid working
    • Business performance
    • Coronavirus

    Deloitte lets staff choose when and where they work

    by Rob Moss 18 Jun 2021
    by Rob Moss 18 Jun 2021

    Big four accountancy firm Deloitte has confirmed that all its 20,000 UK employees will be able to choose when, where...

    • Right to work
    • Coronavirus
    • Financial services

    Business chiefs seek more help on furlough and right to work

    by Adam McCulloch 17 Jun 2021
    by Adam McCulloch 17 Jun 2021

    Government urged to come up with new timetable for right to work checks, furlough, business rates relief.

    • Financial services
    • Employee engagement
    • Latest News

    Less than 6% of jobs are ‘useless’

    by Rob Moss 11 Jun 2021
    by Rob Moss 11 Jun 2021

    Researchers find that "bullshit jobs" are rare and in decline, the opposite of what anthropologist David Graeber asserted in his award-winning book.

    • Coronavirus
    • Financial services
    • Vaccinations

    Goldman Sachs orders staff to disclose vaccine status

    by Ashleigh Webber 11 Jun 2021
    by Ashleigh Webber 11 Jun 2021

    The investment bank's US staff have been told to post their vaccination status on the company's app ahead of a return to the office.

    • Brexit
    • Europe
    • Financial services

    Bankers reluctant to leave London for EU

    by Adam McCulloch 7 Jun 2021
    by Adam McCulloch 7 Jun 2021

    The movement of banking interests from London to locations within the EU have hit a stumbling block: the UK-based employees often don't want to move.

    • Financial services
    • Employment law
    • Legal sector

    Uber ruling has major implications for partnerships

    by Ivor Adair and Dean Fuller 24 May 2021
    by Ivor Adair and Dean Fuller 24 May 2021

    Following the Supreme Court Uber decision, fixed share partners at LLPs could argue that they are actually employees.

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