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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.


    • Coronavirus
    • Financial services
    • Manufacturing

    Share prices fall in response to coronavirus alarm

    by Adam McCulloch 24 Feb 2020
    by Adam McCulloch 24 Feb 2020

    Projections point to a recovery later this year as global efforts to contain the outbreak bear fruit.

    • Financial services
    • Latest News
    • People analytics

    Barclays abandons ‘creepy’ people analytics project

    by Rob Moss 20 Feb 2020
    by Rob Moss 20 Feb 2020

    Barclays has scrapped the use of an employee monitoring platform following a backlash from staff and criticism from privacy professionals...

    • IR35
    • Financial services
    • Latest News

    IR35 will force out half of contractor workforce

    by Jo Faragher 12 Feb 2020
    by Jo Faragher 12 Feb 2020

    Half of contractors plan to leave clients in the next eight weeks thanks to changes to the IR35 ‘off-payroll’ rules...

    • Bonuses
    • Financial services
    • Financial wellbeing

    Lloyds staff struggling with money, according to union survey

    by Jo Faragher 10 Feb 2020
    by Jo Faragher 10 Feb 2020

    Almost a third of workers at Lloyds Bank are struggling financially, according to a confidential union survey seen by The...

    • IR35
    • Brexit
    • Financial services

    Lords launches IR35 inquiry as freelancer confidence ‘plummets’

    by Rob Moss 6 Feb 2020
    by Rob Moss 6 Feb 2020

    A House of Lords select committee is to scrutinise the extension of IR35 rules to the private sector, just two...

    • Police
    • Financial services
    • Candidate experience

    RAD Awards 2020 winners: TMP Worldwide takes Work of the Year with The AA

    by Lindsay Clark [email protected] 31 Jan 2020
    by Lindsay Clark [email protected] 31 Jan 2020

    TMP Worldwide took the coveted Work of the Year for its campaign for The AA.

    • Age discrimination
    • Financial services
    • Latest News

    Banker was dismissed because of age, tribunal hears

    by Adam McCulloch 16 Jan 2020
    by Adam McCulloch 16 Jan 2020

    A 55-year-old Citigroup banker who was told “you are old and set in your ways” won his case at employment tribunal earlier this month, pending appeal.

    • Financial services
    • Latest News
    • Whistleblowing

    Lloyd’s of London whistleblowing hotline inactive for 16 months

    by Ashleigh Webber 23 Dec 2019
    by Ashleigh Webber 23 Dec 2019

    Lloyd’s of London’s whistleblowing hotline – the only anonymous channel for employees to report concerns – was not operational for more than a year.

    • General Data Protection Regulation
    • Artificial intelligence
    • Financial services

    Artificial intelligence roles head up list of UK emerging jobs

    by Adam McCulloch 13 Dec 2019
    by Adam McCulloch 13 Dec 2019

    Artificial intelligence and tech roles fill the top ranks of the UK's fastest emerging jobs according to new data revealed by LinkedIn.

    • Sexual harassment
    • Financial services
    • Discipline

    Lloyd’s of London staff urged to behave during Christmas party season

    by Adam McCulloch 6 Dec 2019
    by Adam McCulloch 6 Dec 2019

    Lloyd’s of London has urged its own staff and those of its members to behave correctly at this year’s Christmas...

    • Bonuses
    • Financial services
    • Gender

    TSB bosses bonuses to be cut after failing to hit 2020 gender target

    by Ashleigh Webber 3 Dec 2019
    by Ashleigh Webber 3 Dec 2019

    TSB’s leadership team will have their bonuses docked after the firm failed to increase the proportion of women in senior...

    • Sexual harassment
    • Offices
    • Alcohol and drug misuse

    PwC cracks down on office drinking

    by Jo Faragher 2 Dec 2019
    by Jo Faragher 2 Dec 2019

    Consulting firm PwC has introduced new rules around when and where employees can drink alcohol in the office.
    Under the...

    • Sexual harassment
    • Financial services
    • Latest News

    Supreme Court hears final Barclays appeal in sexual harassment case

    by Adam McCulloch 28 Nov 2019
    by Adam McCulloch 28 Nov 2019

    Supreme Court hears final appeal in significant vicarious liability case with a verdict expected in February.

    • Financial services
    • Latest News
    • Job creation and losses

    TSB to shed jobs and branches as it unveils new strategy

    by Adam McCulloch 25 Nov 2019
    by Adam McCulloch 25 Nov 2019

    TSB has announced plans for a radical shake-up that will see 82 branches close.

    • Sexual harassment
    • Bullying and harassment
    • Financial services

    Lloyd’s launches campaign against harassment

    by Rob Moss 20 Nov 2019
    by Rob Moss 20 Nov 2019

    Lloyd’s of London has launched an advertising campaign to encourage workers to speak up against unacceptable behaviour, after a survey...

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Personnel Today
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