FCA blocks employee email containing union petition - reports

'Phishing'

clock • 2 min read

The Financial Conduct Authority (FCA) has supressed employee efforts to drum up support for a petition urging colleagues to unionise with Unite, following suggestions the regulator was planning to quash automatic annual bonuses for employees.

According to a story in Financial News (FN), the email was sent internally to FCA staff by a group of dissatisfied employees and requested colleagues sign a petition that would recognise Unite as the union for the FCA. However, it was blocked by watchdog executives and labelled a ‘phishing' email, the publication reported. Since July, staff at the FCA have been pushing to join Unite, as changes made under Nikhil Rathi, the watchdog's chief executive, have proved unpopular with employees. In October, the FCA announced plans to axe bonuses for its 2,400 staff. At the time, Rathi said th...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

150 employers sign up to Keep Britain Working Vanguard phase

150 employers sign up to Keep Britain Working Vanguard phase

Covering 1.5 million workers

Cameron Roberts
clock 01 April 2026 • 2 min read
Data protection is no barrier to collect and share vulnerability data: FCA

Data protection is no barrier to collect and share vulnerability data: FCA

Manufacturers and distributors expected to work collaboratively

Jaskeet Briah
clock 30 March 2026 • 2 min read
FCA opens simplified advice consultation

FCA opens simplified advice consultation

Follows targeted support work

Jen Frost
clock 26 March 2026 • 2 min read