Bullying and harassments claims surge in UK’s financial sector
Al Jazeera
Reports of non-financial misconduct rose 72 percent between 2021 and 2023, according to survey by financial regulator.
Allegations of bullying, discrimination and other non-financial misconduct in the UK’s financial sector have soared during the last three years, a survey by the country’s financial regulator has found.
Reports of non-financial misconduct rose 72 percent between 2021 and 2023, according to the survey by the Financial Conduct Authority (FCA).
Bullying and discrimination made up the largest share of the 5,380 recorded complaints, accounting for 26 percent and 23 percent of the total, respectively.
Another 40 percent of reports covered “other” claims of misconduct, which covered a wide spectrum of behaviour ranging from offensive language to illegal drug use and bringing unwanted pets into the office.
Companies took action in relation to a complaint in 43 percent of cases, although those accused of misconduct were rarely docked pay or bonuses, according to the survey.
