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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
    • 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
    • Latest News

    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.

    • STEM
    • Financial services
    • Legal sector

    What the Global Talent visa offers employers seeking top skills

    by Kathryn Bradbury and Richard Milford 30 Apr 2021
    by Kathryn Bradbury and Richard Milford 30 Apr 2021

    Businesses requiring skills from overseas should take note of this flexible new route to working in the UK. Kathryn Bradbury and Richard Milford explain why.

    • Financial services
    • Latest News
    • Economics, government & business

    Bank of England to create new hub in Leeds

    by Adam McCulloch 22 Apr 2021
    by Adam McCulloch 22 Apr 2021

    Governor says the Bank's new hub is part of a plan to increase its staff presence across the UK significantly.

    • Reasonable adjustments
    • Financial services
    • Disability discrimination

    Barclays banker given £10k pay-out in toilet access case

    by Rob Moss 15 Apr 2021
    by Rob Moss 15 Apr 2021

    A tribunal has found Barclays had failed to make reasonable adjustments for a banker who had Crohn's disease.

    • Civil Service
    • Corporate governance
    • Financial services

    Greensill scandal: civil servants ordered to declare outside interests

    by Adam McCulloch 15 Apr 2021
    by Adam McCulloch 15 Apr 2021

    Senior civil servants have been asked, by the end of the week, to declare paid roles or outside interests that could conflict with civil service rules.

    • STEM
    • Offices
    • Financial services

    Goldman Sachs commits to office return with new Birmingham hub

    by Ashleigh Webber 13 Apr 2021
    by Ashleigh Webber 13 Apr 2021

    Goldman Sachs is to open a new office in Birmingham this year, which will initially serve as a tech hub.

    • Earned wage access
    • NHS
    • Financial services

    Hancock met Greensill over NHS salary advance scheme

    by Adam McCulloch 12 Apr 2021
    by Adam McCulloch 12 Apr 2021

    Health secretary was lobbied by David Cameron and financier Lex Greensill to introduce earned wage access scheme in NHS, it has emerged.

    • Stress
    • Financial services
    • Latest News

    Barclays outlines policy to avoid burnout among junior bankers

    by Ashleigh Webber 12 Apr 2021
    by Ashleigh Webber 12 Apr 2021

    Barclays has told junior staff to take Saturdays off and book at least two five-day periods of annual leave a year in order to avoid burnout.

    • Hybrid working
    • Coronavirus
    • Change management

    Nationwide Building Society: Why we decided staff could work from home

    by Peter Crush 9 Apr 2021
    by Peter Crush 9 Apr 2021

    We now see almost daily announcements from companies allowing staff to work from home. But when an 180-year-old building society...

    • Hybrid working
    • Offices
    • Financial services

    JP Morgan cuts office space and warns of Brexit relocation

    by Adam McCulloch 8 Apr 2021
    by Adam McCulloch 8 Apr 2021

    Annual letter to shareholder reveals concerns over UK's future; Archbishop of Canterbury condemns Goldman Sachs over long hours.

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