Legal, Compliance & Finance Recruitment

City Employers Plan a Lasting Switch to Remote Working


Many City employers are planning a lasting switch to remote working.

This includes some of the major banks, asset managers & Insurers.

Who has announced what so far →

Schroders -- have updated their policies to allow staff to work from home most of the time.

UBS -- “there will be more working from home, we will see more flexible work arrangements.”

Virgin Money -- back office staff will not be returning to their workplaces.

NatWest Group -- most staff will not be returning to the office till early next year.

Standard Life Aberdeen -- most staff will not be returning to the office till early next year.

Lloyds Banking Group -- around 50000 of its 63000 UK Staff are still working from home. 

Aviva -- only 10% of staff at any one time in the offices from next month.

HSBC -- only 20% of staff at any one time.

PwC -- working towards 50% occupancy.

Blackrock --  working towards 50% occupancy. Staff not required to return to the office for the rest of this year. 

M&G -- is going to try and make savings by extending remote working beyond the duration of the crisis, with staff expected to come to the office no more than two or three days a week.

Metro Bank -- exiting its expensive Old Bailey office and will combine staff with its other main office, with a few staff coming in everyday.