Firms told to shrink their lists of ‘key financial workers’

By Neasa MacErlean

Financial services firms have been giving ‘key financial worker’ status under coronavirus emergency measures to too many workers and should cut back, according to a statement issued by the FCA on 27 March. The only ones falling into this category — and thereby obtaining school places for children — are those “who are essential to support functions, which are themselves essential to the real economy or financial stability”.