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.
The removal of the bankers' bonus cap could throw up unintended challenges, according to lawyers.
The financial services regulators have lifted the cap on bankers' bonuses, effective from 31 October 2023.
Sexual misconduct has been seen as rife in financial and insurance services but one recent case that made it to tribunal has the potential to give pause for thought to perpetrators.
Barclays’ former boss has been banned from holding senior positions in the UK by the FCA.
Creators of a new DEI code for investment say they are determined to avoid tick box compliance .
Does the face of Andrew look familiar? It could be a CEO from central casting. But in fact AI has blended photographs of all the CEOs in the FTSE 100 …
BNP Paribas says policy will allow it to identify workers who were finding it challenging to meet on-site working requirements
TSB today announced the appointment of Ariam Enraght-Moony as chief people officer.
The Financial Conduct Authority and Prudential Regulation Authority have proposed tougher rules around misconduct and governance.
The chair of Lloyds of London is encouraging workers to come into its City of London building for at least three days a week, and not only from Tuesday to Wednesday.
An underwriter who was made redundant following her maternity leave has been awarded more than £1.2m for sex discrimination.
Is there really more to the Nigel Farage-Coutts saga than just a personality-focused media frenzy and a breach of client confidentiality? And where does HR sit amid the furore?
There has been a rise in geographical inequality in earnings with the fastest-rising pay rates being those of already well remunerated London-based business employees.
The Unite union described the 39 closures and accompanying job losses as a ‘disgrace’.
Many finance sector employers are concerned that the current economic downturn may see worsening mental health among staff.
