UK’s financial services industry employs around 1.2 million people (about 4% of the British workforce), and add an average gross value of £116,000 million to the country’s economy each year. This is based financial services firms and holdings whose main asset is money, like banks and insurance companies.
These top financial services companies of the United Kingdom have been ranked according to employee satisfaction, prestige, revenue, and reviews by Telegraph, Forbes and Fortune media.
1) Old Mutual:
Old Mutual is an international investment, insurance, savings, and banking group. Their employees can have a broad range of rewards, including life and health benefits with staff medical aid, staff retirement fund, life assurance, maternity benefits, and employee well-being; as well as a gym, a sports center and other facilities.
Prudential is a British multinational life insurance with its main offices in London. It’s the largest division of Prudential Corporation Asia and it has around 13 million customers across 12 Asian markets and U.K. Their employees enjoy a comprehensive and healthy salary alongside performance bonus; and flexible benefit plans with childcare vouchers, critical illness insurance, dental cover, leisure vouchers, life assurance for your partner, health care, public transport bonus, a company car, etc.
The RBS is one of the largest banks in the world, and it has been around for 32 years with 700 branches over the world. RBS welcomes all of its employees with open arms. Their benefits include funding programs, exclusive lifestyle offers, and wellbeing support during work hours.
TransferWise is a London-based peer-to-peer international money transfer company that matches people sending currencies in different countries and cuts down cost by dropping the actual money transfer. The company offers a broad range of benefits to its employees, including health insurance, sponsored and free employee events, stock options, and 2 free trips to Europe each year.
5) Funding Circle:
The Funding Circle is an online platform that lets its users lend financial services to small businesses and offers favorable interest rates, often better than traditional bank savings accounts. The company offers a competitive health insurance with 100% medical coverage, stock options, unlimited PTO, etc.
6) Bank of England:
United Kingdom’s central bank is a model for most modern central banks. It exists since 1694 and it’s the second oldest bank in the world.
The Bank of England is a unique organization and it rewards its employees likely. It offers high-quality opportunities to its workers with continuous new positions and offers challenging opportunities for its professional graduates and PhDs, as well as interns and undergraduates.
Their employees enjoy a broad range of benefit packages, including pensions, flexible working schedules, private healthcare, on-site gym, cinema tickets, parental and maternal leave, subsided, and subsided canteen, among other benefits.
7) Hays plc:
Hays is a leading British company that provides recruitment and human resources over 33 countries globally. It’s listed on the London Stock Exchange. Hays’ main benefit for employees is continuous job training, as well as annual leave and sick pay. Workers say the job training are very challenging, but they reward a great deal of knowledge and skills.
The British financial institution is a fusion between HBOS and Lloyds TBS. The headquarters are in London, U.K. Their activities range from retail banking (like mortgage services), commercial, wealth management, pensions, and insurance. They consider their employees as the foundation of their business. Employee benefits include training courses, parental leave, childhood care, flexible vacation times, healthy incomes, and continuous training.
The multinational financial service and banking company with its headquarters in London offers wealth management, wholesale and investment banking, wealth management, credit cards, and mortgage lending.
Barclays is one of the most powerful transitional corporations in the world and controls a big deal of the global financial stability and market competition.
Barclays offers rewards that each employee can tailor to their needs. Workers enjoy an extensive list of benefits including medical insurance, vacation times, parental leave, annual bonus, share plans, and childcare, among other options.
10) HSBC Holdings PLC:
HSBC is a British Multinational bank offering investment funds, accounts, credit cards, and loans. With its headquarters in London, United Kingdom, it’s the world’s 7th largest bank by total assets (US$2.374 trillion). The bank has around 4,000 offices in 70 different countries in Europe, Africa, Asia, Oceania, North America, and South America. Employees enjoy health insurance, flexible vacation times, a wellbeing plan, parental and maternal leave, and a healthy income.
London is an epicenter for international business. In fact, is one of the three “command centers” for the global economy, alongside New York City and Tokyo. Reason enough to become the location for the main offices of the most popular financial services companies in the country. However, since the “Brexit” referendum results, experts have suggested that some banks will choose to relocate outside of the UK during 2017, while other major companies in the sector will move by 2018.