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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
    • Latest News
    • Discrimination

    Financial whistleblower wins £75k payout in sex discrimination case

    by Adam McCulloch 25 Jun 2020
    by Adam McCulloch 25 Jun 2020

    Female compliance worker been subjected to sex discrimination after raising concerns about potential financial malpractice.

    • Coronavirus
    • Financial services
    • Ethics

    Pandemic risk poses major questions of commercial property market

    by Personnel Today 25 Jun 2020
    by Personnel Today 25 Jun 2020

    Demand for office space in skyscrapers plummets as crowded lifts consigned to the past.

    • Collective redundancy
    • Financial services
    • Latest News

    HSBC resurrects plans to cut 35,000 jobs

    by Ashleigh Webber 17 Jun 2020
    by Ashleigh Webber 17 Jun 2020

    HSBC is to press ahead with plans for mass redundancies that had been put on hold at the peak of...

    • Financial services
    • Latest News
    • Professional services

    PwC facial recognition tool criticised for home working privacy invasion

    by Ashleigh Webber 16 Jun 2020
    by Ashleigh Webber 16 Jun 2020

    Accounting giant PwC has come under fire for the development of a facial recognition tool that logs when employees are...

    • Financial services
    • Maternity
    • Latest News

    Worker awarded compensation after missed antenatal check-up

    by Adam McCulloch 15 Jun 2020
    by Adam McCulloch 15 Jun 2020

    IT finance analyst is awarded £4,000 in a case involving attitudes to sickness, workloads, mental health and pregnancy.

    • Financial services
    • Ethics
    • Latest News

    US banking whistleblower is awarded $50m

    by Adam McCulloch 8 Jun 2020
    by Adam McCulloch 8 Jun 2020

    UK finance sector given pause for thought by huge US whistleblower payout.

    • Coronavirus
    • Financial services
    • Latest News

    Working from home proves real bonus for City employees

    by Adam McCulloch 26 May 2020
    by Adam McCulloch 26 May 2020

    Large majority of finance workers find lack of commuting a key benefit in their new working lives.

    • Coronavirus
    • Financial services
    • Latest News

    Steep rise in tech roles at banks

    by Adam McCulloch 26 May 2020
    by Adam McCulloch 26 May 2020

    Conventional banks are looking to expand tech teams all over the UK - not only in London.

    • Coronavirus
    • Financial services
    • Latest News

    Barclays chief executive: Flexible working will become the norm

    by Jo Faragher 29 Apr 2020
    by Jo Faragher 29 Apr 2020

    Barclays chief executive Jes Staley has claimed that office blocks housing thousands of workers could become a thing of the...

    • Financial services
    • Corporate governance
    • Ethics

    EY to appeal against $11m gold whistleblower verdict

    by Adam McCulloch 20 Apr 2020
    by Adam McCulloch 20 Apr 2020

    EY accountant uncovered money laundering at gold bullion dealer and wins claim against employer.

    • Coronavirus
    • Financial services
    • Latest News

    City jobs market rebound cut short by coronavirus

    by Jo Faragher 20 Apr 2020
    by Jo Faragher 20 Apr 2020

    The City jobs market enjoyed a healthy rebound in the first month of the year – only to be cut...

    • Sexual harassment
    • Case law
    • Financial services

    Barclays not liable for sexual assaults committed by contractor

    by Ashleigh Webber 2 Apr 2020
    by Ashleigh Webber 2 Apr 2020

    Barclays Bank is not liable for the numerous alleged sexual assaults committed by a self-employed doctor who had been contracted...

    • Financial services
    • Coaching and mentoring
    • Latest News

    How banks can balance stability and innovation

    by Dr Simon Hayward 11 Mar 2020
    by Dr Simon Hayward 11 Mar 2020

    As coronavirus affects stock markets and the Bank of England cuts interest rates, Dr Simon Hayward looks at the challenges...

    • Financial services
    • Equality, diversity and inclusion
    • Gender

    Gender pay inequality increases in financial services

    by Jo Faragher 9 Mar 2020
    by Jo Faragher 9 Mar 2020

    HSBC has reported the widest median hourly gender pay gap among financial services companies to report so far.

    • IR35
    • Business performance
    • Financial services

    IR35: Surely blanket bans are not the answer?

    by Elizabeth Kent 3 Mar 2020
    by Elizabeth Kent 3 Mar 2020

    Rather than run the risk of being caught out by the extension of off-payroll working rules to the private sector,...

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Personnel Today
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