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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.


    • 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
    • Coronavirus
    • Business performance

    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.

    • Financial services
    • Equality, diversity and inclusion
    • Gender

    Menopause study to look at effect on women in finance

    by Ashleigh Webber 20 May 2021
    by Ashleigh Webber 20 May 2021

    A study will look at how the menopause affects the talent pipeline in the financial services sector.

    • Coronavirus
    • Environment
    • Corporate governance

    Standard Life Aberdeen to monitor homeworkers’ carbon emissions

    by Jo Faragher 19 May 2021
    by Jo Faragher 19 May 2021

    Soon-to-be-called "Abrdn" is helping staff monitor and reduce carbon footprint while working from home.

    • Hybrid working
    • Financial services
    • Equality, diversity and inclusion

    Daniel Kahneman: how ‘noise’ damages decisions

    by Adam McCulloch 17 May 2021
    by Adam McCulloch 17 May 2021

    Why we should use the return to the workplace as an opportunity to implement radical change and get to grips to poor decision-making.

    • Parental bereavement leave
    • Financial services
    • Maternity

    Monzo offers leave for pregnancy loss and fertility treatment

    by Ashleigh Webber 10 May 2021
    by Ashleigh Webber 10 May 2021

    Online bank Monzo has introduced 10 days' paid leave for those who experience pregnancy loss, and eight days' leave for those undergoing fertility treatment.

    • Hybrid working
    • Offices
    • Financial services

    Investment banks prepare for office return

    by Ashleigh Webber 5 May 2021
    by Ashleigh Webber 5 May 2021

    "People don’t like commuting, but so what?" – JP Morgan and Goldman Sachs prepare to bring staff back to the office this summer.

    • Right to work
    • Financial services
    • Legal sector

    Global Talent Visa criteria should be relaxed to protect arts sector

    by Adam McCulloch 30 Apr 2021
    by Adam McCulloch 30 Apr 2021

    A City law firm has called for the criteria for the issuing of Global Talent Visas to be relaxed to help safeguard the arts sector.

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