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Financial services

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.


    • Social mobility
    • Financial services
    • Equality, diversity and inclusion

    KPMG research shows class the biggest barrier to progression

    by Jo Faragher 19 Dec 2022
    by Jo Faragher 19 Dec 2022

    Class and socio-economic background have a greater impact on someone’s career progression than any other diversity characteristic, according to research.

    • Offices
    • Financial services
    • Latest News

    Energy costs: PwC to close offices over Christmas

    by Jo Faragher 5 Dec 2022
    by Jo Faragher 5 Dec 2022

    Consulting firm PwC will close most of its offices to employees over Christmas to save on energy costs.

    • Benefits
    • Financial services
    • Latest News

    Why equity isn’t equitable when it comes to working for startups

    by Hillary Reilly 29 Nov 2022
    by Hillary Reilly 29 Nov 2022

    Share options aren't all they're cracked up to be, many people working for startups find when they decide to leave.

    • Financial services
    • Equality, diversity and inclusion
    • Latest News

    Deloitte revamps UK leadership team

    by Adam McCulloch 4 Nov 2022
    by Adam McCulloch 4 Nov 2022

    Professional services giant Deloitte has replaced half of its 16-person UK executive team. In doing so it has reduced the number of women at senior level.

    • Bonuses
    • Financial services
    • Latest News

    No U-turn on lifting cap on bankers’ bonuses

    by Adam McCulloch 18 Oct 2022
    by Adam McCulloch 18 Oct 2022

    The lifting of the cap on bankers' bonuses, as announced by then-chancellor Kwasi Kwarteng in the mini-budget of 23 September, will go ahead, the Treasury has confirmed.

    • Brexit
    • Financial wellbeing
    • Financial services

    Employers or employees? Who will decide the fate of Truss’s mini-Budget

    by Adam McCulloch 29 Sep 2022
    by Adam McCulloch 29 Sep 2022

    Employers may have welcomed some growth elements of the mini-Budget, but employees have been alarmed by talk of pensions failing, mortgages rising, pay stagnating and the inequality gap widening.

    • Financial services
    • Latest News
    • Pregnancy and maternity discrimination

    Compliance officer’s sex discrimination claims upheld

    by Jo Faragher 28 Sep 2022
    by Jo Faragher 28 Sep 2022

    A female compliance officer has won a sex and maternity discrimination claim a second time after it was sent back...

    • Financial services
    • Climate emergency
    • Latest News

    Deloitte launches sustainability and climate learning programme

    by Ashleigh Webber 26 Sep 2022
    by Ashleigh Webber 26 Sep 2022

    Deloitte has launched a global sustainability and climate learning programme to develop the skills staff need to help tackle climate change.

    • Bonuses
    • Financial services
    • Latest News

    Mini-Budget: Chancellor cuts taxes and lifts bankers’ bonus cap

    by Ashleigh Webber 23 Sep 2022
    by Ashleigh Webber 23 Sep 2022

    The Chancellor has confirmed cuts to income tax and national insurance, and has removed the cap on bankers' bonuses in his 'mini-Budget' today.

    • Bonuses
    • Financial services
    • Financial wellbeing

    TSB staff to receive £1,000 bonus to help meet bills

    by Adam McCulloch 22 Sep 2022
    by Adam McCulloch 22 Sep 2022

    Spanish bank Sabadell has announced it is to pay UK staff of subsidiary TSB a one-off £1,000 bonus.

    • Bonuses
    • Financial services
    • Latest News

    Chancellor considers scrapping bankers’ bonus cap

    by Ashleigh Webber 15 Sep 2022
    by Ashleigh Webber 15 Sep 2022

    The bankers' bonus cap in the UK could be scrapped under plans reportedly being considered by Chancellor Kwasi Kwarteng.

    • Sexual harassment
    • Financial services
    • Latest News

    Underwriter wins sex discrimination claim after managers’ comments

    by Jo Faragher 26 Aug 2022
    by Jo Faragher 26 Aug 2022

    A female underwriter has won her case for sex discrimination after her boss made lewd comments about her breasts.

    • Financial services
    • Latest News
    • Four-day week

    Atom Bank celebrates four-day week results

    by Ashleigh Webber 25 Aug 2022
    by Ashleigh Webber 25 Aug 2022

    Atom Bank has seen positive four-day week results, including increased staff retention and productivity.

    • Financial services
    • Latest News
    • Inflation

    Top earners’ pay soars by 10% while lowest-paid receive just 1%

    by Ashleigh Webber 8 Aug 2022
    by Ashleigh Webber 8 Aug 2022

    Top earners' pay in 2022 has soared by around 10%, while pay increases for those in the lowest-paying roles are lagging at 1%.

    • Financial services
    • Latest News
    • Sex discrimination

    ‘Pushy’ lawyer awarded £152k for sex discrimination

    by Rob Moss 8 Aug 2022
    by Rob Moss 8 Aug 2022

    In Biggs v A Bilbrough & Co, solicitor branded a ‘ballbreaker’ is awarded £152,000 after successfully claiming sex discrimination and victimisation.

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