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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.


    • Austria
    • Brexit
    • Expatriates

    Services sector ‘overlooked’ in Brexit trade talks

    by Rob Moss 13 Oct 2020
    by Rob Moss 13 Oct 2020

    The needs of the UK’s £225bn professional services sector are being overlooked in the UK-EU trade talks according a sub-committee...

    • Coronavirus
    • Financial services
    • Ethics

    City traders working from home must be monitored

    by Rob Moss 13 Oct 2020
    by Rob Moss 13 Oct 2020

    A City watchdog has warned financial services firms that it expects them to have updated their policies, refreshed their training...

    • Offices
    • Coronavirus
    • Financial services

    Office space under review at three-quarters of financial firms

    by Ashleigh Webber 8 Oct 2020
    by Ashleigh Webber 8 Oct 2020

    Insurance firms, finance houses and banking firms leading the way in seeking to reduce space.

    • Collective redundancy
    • Coronavirus
    • Financial services

    Thousands of redundancies planned at Shell, TSB and Disney

    by Ashleigh Webber 30 Sep 2020
    by Ashleigh Webber 30 Sep 2020

    Thousands more job losses are expected at Royal Dutch Shell, Greggs, TSB and Disney in response to changing in demand...

    • Financial services
    • Employment law
    • Legal sector

    Stonewall announces top global employers for LGBT equality

    by Rob Moss 21 Sep 2020
    by Rob Moss 21 Sep 2020

    Lesbian, gay, bisexual and transgender equality charity Stonewall has announced its Top Global Employers for 2020.

    • USA
    • Financial services
    • Equality, diversity and inclusion

    First female chief executive for a Wall St bank chosen

    by Adam McCulloch 11 Sep 2020
    by Adam McCulloch 11 Sep 2020

    Citigroup has named Scotland-born Jane Fraser as its new chief executive.

    • Coronavirus
    • Financial services
    • Hospitality

    Cross-party MPs add to pressure on Sunak to extend furlough

    by Adam McCulloch 11 Sep 2020
    by Adam McCulloch 11 Sep 2020

    MPs on the Treasury Select Committee call on the government for targeted support for specific sectors after 31 October.

    • Coronavirus
    • Financial services
    • Latest News

    Big UK cities lagging on footfall as return to office stalls

    by Adam McCulloch 10 Sep 2020
    by Adam McCulloch 10 Sep 2020

    Return to the office in UK's major cities proves slow as businesses are advised to rethink the role of the office.

    • Hybrid working
    • Coronavirus
    • USA

    Global bank to make working from home permanent

    by Adam McCulloch 25 Aug 2020
    by Adam McCulloch 25 Aug 2020

    JPMorgan Chase will introduce rotational working model with large proportion of staff able to work from home on a regular basis.

    • Financial services
    • Gender
    • Equality, diversity and inclusion

    UK banks increase number of female board members

    by Adam McCulloch 18 Aug 2020
    by Adam McCulloch 18 Aug 2020

    The proportion of women employed on the boards of banks in the UK has risen 9% since 2015, compared with a 2% increase in Europe.

    • Offices
    • Coronavirus
    • Financial services

    Office rents tumble as leading firms back homeworking

    by Adam McCulloch 18 Aug 2020
    by Adam McCulloch 18 Aug 2020

    Leasing activity in the capital has fallen by 57 percentage points: PwC and Schroders revise flexible working policy.

    • Collective redundancy
    • Coronavirus
    • Financial services

    HSBC and BA push ahead with restructuring plans

    by Jo Faragher 3 Aug 2020
    by Jo Faragher 3 Aug 2020

    HSBC will accelerate its plans to cut 35,000 jobs globally. BA crew agree deal to include a holding pool of pilots on reduced pay.

    • Sexual harassment
    • Bullying and harassment
    • Financial services

    Contractor loses sexual discrimination case against HSBC

    by Ashleigh Webber 30 Jul 2020
    by Ashleigh Webber 30 Jul 2020

    A worker who claimed she was forced out of her role at HSBC after having an affair with a superior...

    • Financial services
    • Gender
    • Latest News

    Four in five senior applicants in financial services are men

    by Rob Moss 27 Jul 2020
    by Rob Moss 27 Jul 2020

    Women made up just 21% of employees being put forward for senior roles at financial services firms last year, compared...

    • Coronavirus
    • Financial services
    • Latest News

    RBS Group staff to work from home until 2021

    by Ashleigh Webber 21 Jul 2020
    by Ashleigh Webber 21 Jul 2020

    Some 49,000 staff at RBS Group have been told to continue working from home until at least 2021.
    The banking...

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