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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.


    • Hybrid working
    • Financial services
    • Latest News

    1,200 HSBC employees to work permanently from home

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

    HSBC acts on results of employee survey but nearly a third opt to work in offices at least some of the time.

    • Hybrid working
    • Financial services
    • Employee engagement

    Financial services workers call for flexibility

    by Jo Faragher 7 Apr 2021
    by Jo Faragher 7 Apr 2021

    More than half of employees in financial services would like to see changes to their working week post-Covid, according to a survey.

    • Financial services
    • Latest News
    • Mental health

    Goldman Sachs managers sent junior employees food hampers

    by Personnel Today 30 Mar 2021
    by Personnel Today 30 Mar 2021

    Fruit and snack hampers were not a company policy but were paid for by managers themselves.

    • Corporate governance
    • Financial services
    • Ethics

    EY drops appeal against whistleblower judgment

    by Adam McCulloch 30 Mar 2021
    by Adam McCulloch 30 Mar 2021

    EY has dropped its appeal against a judgment ordering it to pay $10.8m to a whistleblower who raised money laundering concerns.

    • Financial services
    • Latest News
    • ESG

    Deliveroo riders paid as little as £2ph, study alleges

    by Adam McCulloch 26 Mar 2021
    by Adam McCulloch 26 Mar 2021

    New study on riders' pay, strike action, investor criticism and Rashford talks mark bumpy run-up to Deliveroo flotation.

    • Hybrid working
    • Offices
    • Financial services

    Santander to close branches and cut office space

    by Adam McCulloch 25 Mar 2021
    by Adam McCulloch 25 Mar 2021

    Santander has announced it is to close 111 branches across the UK, with 840 staff being affected by the closures.

    • Hybrid working
    • Financial services
    • Latest News

    Hybrid-working to be the future for Nationwide staff

    by Adam McCulloch 25 Mar 2021
    by Adam McCulloch 25 Mar 2021

    Nationwide is to allow 13,000 of its 18,000 employees to decide where they work.

    • Stress
    • Financial services
    • Latest News

    Goldman Sachs boss tells staff to go extra mile despite hours concerns

    by Ashleigh Webber 23 Mar 2021
    by Ashleigh Webber 23 Mar 2021

    The chief executive of Goldman Sachs has encouraged staff to ‘go the extra mile’, even if they feel they’ve reached their limit.

    • Stress
    • Financial services
    • Latest News

    Goldman Sachs staff threaten to quit over ‘inhumane’ working conditions

    by Ashleigh Webber 19 Mar 2021
    by Ashleigh Webber 19 Mar 2021

    Junior bankers at Goldman Sachs have claimed that they are working 95 hours a week on average.

    • Financial services
    • Equality, diversity and inclusion
    • Gender

    Finance regulator considers setting board diversity targets

    by Personnel Today 18 Mar 2021
    by Personnel Today 18 Mar 2021

    Listed companies could be required to meet a board diversity target or face scrutiny under plans being considered by the Financial Conduct Authority.

    • Financial services
    • Gender
    • Equality, diversity and inclusion

    Finance firms falling behind on gender diversity targets

    by Ashleigh Webber 17 Mar 2021
    by Ashleigh Webber 17 Mar 2021

    Around three in 10 firms that signed the Women in Finance Charter either missed their 2020 deadlines or are falling behind on their future targets.

    • Case law
    • Financial penalties
    • Financial services

    Banker seeking ‘stigma losses’ after tribunal impact

    by Jo Faragher 15 Mar 2021
    by Jo Faragher 15 Mar 2021

    A woman who won a sex discrimination case against BNP Paribas is claiming the case has taken away her career.

    • Financial services
    • Manufacturing
    • Employee communications

    Study finds lack of leverage on business jargon

    by Adam McCulloch 12 Mar 2021
    by Adam McCulloch 12 Mar 2021

    A global services solutions firm has touched base with Personnel Today with an update on the use of business jargon in the UK.

    • Bullying and harassment
    • Financial services
    • Latest News

    Deloitte D&I champion resigns over bullying allegations

    by Ashleigh Webber 5 Mar 2021
    by Ashleigh Webber 5 Mar 2021

    Update: A representative of Ms Agarwal has asked us to clarify that after a thorough investigation there were no findings of bullying, and Ms Agarwal did not as a result resign or retire at that time from the firm. We are happy to make the position clear.

    • Brexit
    • Financial services
    • Latest News

    Brexit: steady flow of finance jobs to EU continues

    by Adam McCulloch 2 Mar 2021
    by Adam McCulloch 2 Mar 2021

    Dublin and Luxembourg the most popular EU destinations for staff relocations and new hubs, followed by Frankfurt.

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