Blog
Why client favourability matters
Leor Franks
We are in uncertain times and, sadly, the reality is that some businesses are suffering more than others. The impact of the pandemic, coupled with rising prices and continued uncertainty in the global economy means that some businesses may have to put cost-cutting measures in place in the near and mid-term future. For some individuals this will result in their role being put at risk of redundancy.
Failing to promote a good workplace culture based upon a firm’s core values is a potential regulatory issue.
The Financial Conduct Authority (FCA) recently launched a whistleblowing campaign, “In confidence, with confidence”, encouraging individuals working within the financial services sector to come forward and raise any concerns they have regarding potential wrongdoing, emphasising its commitment to protecting their identity and an increase in both resources and training at the FCA. The FCA also commits to create a report about all concerns which have been expressed and to provide updates to a whistleblower every 3 months if so requested.
In light of a recent EAT ruling, Nadjia Zychowicz and Eugenie Freeman discuss whether a high-performing employee should be awarded a bonus if the business is at risk of insolvency.
With many employers under significant pressure to cut costs, Moira Campbell outlines some possible options to consider other than reducing staff headcount.
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