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.
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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.
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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.
The Treasury Committee has launched an inquiry into sexism and misogyny in financial services.
HSBC is to downsize its global HQ as hybrid working arrangements remain popular. It is set to move to a new office in late 2026.
Research across professional services firms, including in the legal sector, has revealed confusion over the adoption of generative AI.
A survey of 2,000 young people by KPMG found that social class and nepotism have a major role in accessing work experience.
The founder of a leading hedge fund firm is being investigated by the Financial Conduct Authority over claims of sexual harassment and assault.
