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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.


    • 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.

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

    Attracting diverse young talent to the ‘secret’ world of real estate

    by Ade Onagoruwa 28 Jun 2022
    by Ade Onagoruwa 28 Jun 2022

    How can the real estate sector, little understood among young people, attract diverse youthful talent?

    • Financial services
    • Latest News
    • Early careers

    PwC to award inflation-busting pay increase

    by Ashleigh Webber 27 Jun 2022
    by Ashleigh Webber 27 Jun 2022

    PwC has announced its most siginificant pay rise in a decade, with some employees' pay set to increase by more than 9%.

    • China
    • Financial services
    • Asia

    Davos hears that ‘wages can rise’ without creating price spiral

    by Adam McCulloch 26 May 2022
    by Adam McCulloch 26 May 2022

    Wages do not have to be held back to help avoid an inflationary wage-price spiral, a leading IMF economist has said.

    • Stress
    • Hybrid working
    • Financial services

    Burnout afflicts finance sector despite hybrid working

    by Adam McCulloch 26 May 2022
    by Adam McCulloch 26 May 2022

    According to research there is a risk of an upcoming exodus from the financial sector amid increasing rates of burnout.

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

    City firms pledge to improve social mobility in leading roles

    by Adam McCulloch 20 May 2022
    by Adam McCulloch 20 May 2022

    A major new initiative has been launched to improve social mobility when it comes to recruitment into senior jobs in the City.

    • Hybrid working
    • Financial services
    • Latest News

    City workers desert offices in favour of hybrid working

    by Jo Faragher 20 May 2022
    by Jo Faragher 20 May 2022

    Hybrid working in the city: just 14% of City workers consider the office to be their main place of work, according to a YouGov survey.

    • Bullying and harassment
    • Financial services
    • France

    BNP Paribas banker accused of ’emotional terrorism’ wins €1.7m for unfair dismissal

    by Ashleigh Webber 19 May 2022
    by Ashleigh Webber 19 May 2022

    A banker who was accused of 'emotional terrorism' by colleagues has been awarded almost €1.7 million (£1.4m) for unfair dismissal.

    • Right to work
    • Financial services
    • Legal sector

    How firms need to comply with sponsor licence rules

    by Chetal Patel 16 May 2022
    by Chetal Patel 16 May 2022

    Businesses are starting to see the Home Office ramp-up compliance activity around sponsor licences. How should they respond, asks our expert

    • STEM
    • Right to work
    • Financial services

    Fears over skills as visa application times double for spouses

    by Adam McCulloch 12 May 2022
    by Adam McCulloch 12 May 2022

    Processing times at the Home Office for those wishing to join family working in the UK have doubled, leaving those with job offers in the UK having to renegotiate starting dates.

    • Financial services
    • Equality, diversity and inclusion
    • Gender

    Women in finance: Aviva CEO slams sexist comments at AGM

    by Jo Faragher 11 May 2022
    by Jo Faragher 11 May 2022

    One investor suggested that Blanc was “not the man for the job”, while another asked whether she should be “wearing trousers”.

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