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76% rise in financial services staff dismissed or suspended

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The number of employees at financial services firms that have been sacked or suspended has reached a five-year high, according to the latest figures.

 

The number of employees at financial services firms that have been sacked or suspended has reached a five-year high, according to the latest figures.

Law firm Pinsent Masons has revealed that 1,373 financial services employees were dismissed or suspended in 2012, up 76% on the previous 12 months.

Helen Farr, a partner in the London-based financial services team at Pinsent Masons, said that with financial services companies operating under increased levels of scrutiny, employers are imposing industry rules more strictly.

Farr added: “FSA enforcement activity has clearly had an impact on firms’ willingness to tolerate wrongdoing. Firms now appear much more likely to discipline employees for offences.

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Oh well, maybe they will have to come to us for some help


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