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Monday 30 November 2020 1:05 pm  |  Updated:  Monday 30 November 2020 2:42 pm

City watchdog receives nearly two coronavirus complaints from whistleblowers per week

By: Hannah Godfrey

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UK On Lockdown Due To Coronavirus Pandemic
Some financial services firms have not been made Covid-secure, according to whistleblowers.

The Financial Conduct Authority (FCA) has received 47 whistleblower reports on coronavirus-related conduct at financial services firms in the six months to 30 September, equivalent to nearly two complaints per week.

Many of the reports were related to a lack of personal protective equipment (PPE) and non-compliance with the government guidance on social distancing. 

Other complains related to miscategorising employees – like calling them ‘key workers’ when it was not the case, and lack of business continuity planning.

Government guidance on making offices “Covid-secure” recommended a raft of modifications for office-based employers to make to their workplaces safer. 

Employment law firm GQ Littler said it was essential employers do all they can to make workplaces Covid-secure for employees, or risk facing employment claims as well as complaints sent to the FCA and enforcement for potential health and safety law breaches. 

GQ Littler partner Sophie Vanhegan said employers should be prepared for reports by staff who feel that their employer has not fully complied with government guidance. 

“It is important employers are aware of how potential mistakes could expose them to claims so they can take steps to avoid them. For example, by carefully considering any concerns raised by employees about the safety of their workplace as they would in a normal environment,” she added.

Read more

City watchdog suspends parts of £9bn motor finance scheme after industry backlash

The FCA has appointed Liam Coleman interim chair of the FOS.

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