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.


Whistleblower’s treatment leads to tribunal case against Lloyds of London firm

14 Nov 2019

A whistleblower alleges he has been subjected to a campaign questioning his motivations and mental health.

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Shorter City trading day would ‘boost diversity and work-life balance’

7 Nov 2019

Equity market opening hours should be shortened by 90 minutes to allow the trading sector to attract and retain a...

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KPMG

KPMG to cut UK internal training team

7 Nov 2019

KPMG this week signalled it is to slash its internal training team, which runs staff training for thousands of UK...

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Accountancy firms lagging behind business on diversity

22 Oct 2019

Research by the Financial Reporting Council (FRC) has shown that the audit and accountancy profession is lagging behind business for...

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10,000 jobs to be cut at HSBC

7 Oct 2019

A huge cost-cutting exercise is planned at HSBC as reports suggest the bank is planning to axe 10,000 jobs worldwide....

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Fresh concern over jobs as UK service sector slumps

4 Oct 2019

The UK's service sector, which makes up 80% of the country's economy, contracted in September prompting fears of a recession.

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One in 12 Lloyd’s of London workers witnessed sexual harassment

24 Sep 2019

Almost one in 12 workers at Lloyd’s of London have witnessed sexual harassment in the past year, prompting the world’s...

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City banker wins sexism case for unequal pay and victimisation

12 Sep 2019

A financial product manager for the French bank BNP Paribas has won her case for direct sex discrimination, victimisation and...

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Labour could ban City bonuses

6 Sep 2019

John McDonnell, the shadow chancellor, has said a future Labour government could ban bonuses in the City, unless the financial...

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Banks need to transfer more staff to EU for no-deal Brexit

15 Aug 2019

Banks need to “step up” their plans for the UK leaving the EU without a deal, the European Central Bank...

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Deutsche Bank to cut 18,000 jobs in reorganisation

8 Jul 2019

Deutsche Bank has announced it will cut 18,000 jobs over the next three years as part of a major reorganisation....

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HR in financial services: a sector rich in opportunities?

26 Jun 2019

An HR role in financial services can offer the chance to shine—but it will also be demanding. Stephanie Sparrow reports...

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financial-services-mental-health

Financial services staff reluctant to raise mental health concerns, survey finds

25 Jun 2019

Three-quarters of staff who have a mental health concern are reluctant to make use of support provided by their employer,...

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Traders in the 'ring' of the London Metals Exchange

City trading floor bans alcohol

14 Jun 2019

The London Metal Exchange (LME) has banned dealers on its trading floor from working under the influence of alcohol.

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Lloyd's of London

Lloyd’s of London sexual harassment cases multiply

14 Jun 2019

Further evidence of a culture of lewd behaviour at Lloyd's of London emerged this week after an executive was suspended after sending a sexually suggestive email about a female colleague.

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