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.
Insurance company Aviva has increased its use of the levy “considerably” in the past five years, according to chief people officer Danny Harmer.
Employees at Citigroup can continue to work remotely two days a week, its boss has said, confirming that the bank is embracing hybrid working as a long-term strategy.
The bank has raised its minimum office attendance requirement to three days a week, up from two days a week.
Workers at outsourcer Capita have begun strike action in a dispute over their employer’s refusal to negotiate a pay award for 2024.
More than one in three financial services firms are ‘missing out’ on the benefits of apprenticeships, according to new research.
The companies say they will cut up to 7% of their combined employee base.
HSBC has lost an appeal against a court decision to reinstate a tribunal claim that alleged it discriminated against a candidate for a senior sales position.
Almost two-thirds of employers in the UK financial services sector are struggling to attract young talent, research has revealed.
Bankers could get their bonuses sooner under new plans designed to bring the UK's rules more in line with other countries.
City employers continue to invest in diversity, equity and inclusion despite having to cut costs in the past year, according...
NatWest has blocked WhatsApp, Facebook Messenger, and Skype on company devices in the UK, telling employees that they must use...
The FCA's probe of non-financial misconduct will likely see sweeping change in the governance of firms in the City.
Bullying and sexual harassment, and discrimination are the most common recorded concerns around personal misconduct in the UK's financial sector, the Financial Conduct Authority has found.
Most of the UK’s financial sector bosses say they would like workers to spend more time in the office over the next year.
Bonuses safeguards set to be cut back as regulators look to boost London's financial sector competitiveness.
