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.
A former Goldman Sachs employee has brought a legal case over workload pressures against its London business.
Barclays has cut around 5,000 jobs from its global workforce in an attempt to slash costs.
Aviva has dismissed men where their behaviour has fallen short of expectations, its chief executive tells sexism in the City inquiry.
Nationwide is to undergo a restructure that will put 470 jobs at risk of redundancy.
Nationwide Building Society has reversed its 'work from anywhere' policy and will require 40% office attendance.
Metro Bank is considering shedding 20% of its workforce and reducing opening hours as part of a strategy to save around £50m a year.
An estimated 160,000 workers in the financial services sector require upskilling, around 16% of the entire UK finance workforce.
Thousands of jobs in the banking sector are potentially at risk, with Barclays and Lloyds Banking Group planning to restructure in some departments.
The FCA must be more speedy and tougher if it is to tackle the culture of sexual misconduct and harassment in the City of London.
PwC tops the Social Mobility Employers Index again but Social Mobility Foundation calls on government to tackle unpaid internships.
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 .
