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.
HSBC and Deloitte have pulled job offers to foreign graduates of UK universities after the salary threshold for a skilled worker visa was increased.
The government has rejected a recommendation from a group of MPs to ban the use of non-disclosure agreements in sexual harassment cases.
Trade union Unite has called TSB’s decision to axe 250 jobs and close 36 branches a ‘grave mistake’.
Goldman Sachs is set to remove its bonus cap for London-based staff, allowing some of its workers to once again pick up multimillion pound payouts.
Figures from Goldman Sachs have reportedly shown that the gender pay gap among UK staff at the finance giant has...
Deutsche Bank is adding a 'wellness suite' into its new London office to support neurodivergent and menopausal employees.
The Co-operative Bank has announced 400 job losses, affecting around 12% of its workforce. Redundancies are expected by the end of August.
Only a third of organisations that signed the Women in Finance Charter met or exceeded their gender diversity targets in 2023.
Metro Bank has announced 1,000 job losses, with affected staff leaving in April 2024. Seven-day opening will also end.
The Treasury Committee has published its findings on sexual harassment and bullying in the City, and some recommendations for tackling it.
Nationwide Building Society is considering buying Virgin Money for £2.9bn, and expects to retain all staff if the deal goes ahead.
The Financial Conduct Authority has been accused ‘taking an activist approach’ to its diversity policies by a group of Conservative...
A successful approach to building a business that can overcome these growing pains should focus on two key aspects – leveraging diversity and maintaining a unified work culture.
The Financial Conduct Authority has ordered more than 1,000 banks, insurance firms and brokerages to report how many sexual harassment,...
About 2,800 of Tesco’s banking staff are to transfer to Barclays.
