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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.


    • 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.

    • Collective bargaining
    • Financial services
    • Latest News

    RPI inflation forecast to reach 18% says think tank

    by Rob Moss 3 Aug 2022
    by Rob Moss 3 Aug 2022

    The NIESR has forecast RPI inflation to rises to 17.7% in the next 12 months, up from its current level of 11.7%.

    • Age discrimination
    • Financial services
    • Latest News

    Women over 50 hesitant to progress due to discrimination fears

    by Ashleigh Webber 19 Jul 2022
    by Ashleigh Webber 19 Jul 2022

    Employers should ensure they monitor pay, progression and training take-up by age, according to a report.

    • Age discrimination
    • Financial services
    • Latest News

    Case involving Citi banker who was called ‘old’ to be reheard

    by Ashleigh Webber 14 Jul 2022
    by Ashleigh Webber 14 Jul 2022

    Citi has successfully challenged part of age discrimination claim brought by a former banker.

    • Corporate governance
    • Financial services
    • ESG

    HSBC executive resigns over sustainability ‘nut job’ comments

    by Jo Faragher 8 Jul 2022
    by Jo Faragher 8 Jul 2022

    A senior HSBC executive has resigned this week, claiming he was “cancelled” after comments he made about the financial risks...

    • Change management
    • Corporate governance
    • Financial services

    Chief financial officers now more involved in HR

    by Adam McCulloch 1 Jul 2022
    by Adam McCulloch 1 Jul 2022

    Company boards increasingly want chief financial officers to go beyond their traditional remits, bringing them into areas such as HR and IT.

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