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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

    Female directors in finance earning 66% less than men

    by Ashleigh Webber 1 Mar 2021
    by Ashleigh Webber 1 Mar 2021

    Average pay for female directors at FTSE 350 financial services firms is two-thirds lower than male director pay, analysis has found.

    • Hybrid working
    • Coronavirus
    • Financial services

    Goldman Sachs CEO pushes for return to the office

    by Jo Faragher 25 Feb 2021
    by Jo Faragher 25 Feb 2021

    Remote working is an ‘aberration’, according to Goldman Sachs boss David Solomon, and needed correcting in order to safeguard collaboration.

    • Benefits
    • Coronavirus
    • Financial services

    Standard Chartered Bank to discuss redefining reward post-Covid

    by Helen Gilbert 19 Feb 2021
    by Helen Gilbert 19 Feb 2021

    Susan Tew, global diversity manager at Standard Chartered Bank, will explore the changing face of reward in light of the...

    • Hybrid working
    • Financial services
    • Legal sector

    ‘Don’t confuse flexible working with remote working’

    by Adam McCulloch 16 Feb 2021
    by Adam McCulloch 16 Feb 2021

    The rewards of establishing a functioning hybrid model of working are many, says EY, but businesses should be under no illusion about the challenges they face.

    • Financial services
    • Legal sector
    • Equality, diversity and inclusion

    KPMG chair steps aside after unconscious bias comments

    by Adam McCulloch 12 Feb 2021
    by Adam McCulloch 12 Feb 2021

    The UK chair of KPMG has stepped aside while the professional services company looks into what he told staff during a virtual meeting.

    • Benefits
    • Financial services
    • Legal sector

    Pension Schemes Act hailed as ‘landmark’

    by Adam McCulloch 12 Feb 2021
    by Adam McCulloch 12 Feb 2021

    The new pensions act introduces specific criminal offences designed to prevent employers raiding pension pots and running pensions into the ground.

    • Coronavirus
    • Financial services
    • Legal sector

    KPMG chair apologises for ‘stop moaning’ lockdown comment

    by Adam McCulloch 10 Feb 2021
    by Adam McCulloch 10 Feb 2021

    Financial services employees were told to 'stop moaning' and 'playing the victim card' by Bill Michael, who has subsequently apologised.

    • Automation
    • Financial services
    • Employee engagement

    ‘HR must focus on employees’ existing skills’

    by Adam McCulloch 10 Feb 2021
    by Adam McCulloch 10 Feb 2021

    ‘Skills adjacencies’ need to be developed before businesses' skills gaps become debilitating.

    • Financial services
    • Equality, diversity and inclusion
    • Gender

    TSB sets diversity targets for first time

    by Ashleigh Webber 8 Feb 2021
    by Ashleigh Webber 8 Feb 2021

    TSB has for the first time set targets to increase diversity within its organisation.

    • Hybrid working
    • Financial services
    • Gender

    KMPG partner pay cut by 11% as it sets out hybrid working plan

    by Ashleigh Webber 3 Feb 2021
    by Ashleigh Webber 3 Feb 2021

    KPMG has cut the pay of its UK partners by 11% and is rethinking its office estate as it focuses...

    • Hybrid working
    • Offices
    • Benefits

    Aviva to close offices in hybrid working plan

    by Adam McCulloch 21 Jan 2021
    by Adam McCulloch 21 Jan 2021

    Aviva has announced the closure of offices across the UK alongside plans for an expansion of flexible working.

    • Financial services
    • Hospitality
    • Employee engagement

    Salesforce voted Glassdoor Best Place to Work 2021

    by Rob Moss 13 Jan 2021
    by Rob Moss 13 Jan 2021

    Glassdoor has announced its annual list of the best places to work in the UK for 2021 as top employers...

    • Careers in HR
    • Financial services
    • Latest News

    Santander appoints Elaine Thomas as CHRO

    by Personnel Today 12 Jan 2021
    by Personnel Today 12 Jan 2021

    Santander UK has announced that Elaine Thomas will become chief human resources officer next month.
    Thomas will be responsible for...

    • Coronavirus
    • Financial services
    • Latest News

    Chancellor says permanent working from home not inevitable

    by Jo Faragher 11 Jan 2021
    by Jo Faragher 11 Jan 2021

    Working from home will not be the ‘new normal’ in a post-Covid world, chancellor Rishi Sunak has said.

    • Coronavirus
    • Testing
    • Financial services

    ‘Aggressive’ tactics used to ditch senior execs who are working at home

    by Adam McCulloch 8 Jan 2021
    by Adam McCulloch 8 Jan 2021

    Some employers in sectors badly effected by the pandemic have resorted to aggressive tactics with the aim of cutting senior...

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Personnel Today
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