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 Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

AI and compliance: Charging for advice or administration?

AI and compliance: Charging for advice or administration?

Efficiency doesn't remove accountability

Gareth Fatchett
clock 03 September 2026 • 3 min read
FCA warns of Flagstone clone

FCA warns of Flagstone clone

Notice issued to alert consumers

Jenna Brown
clock 03 September 2026 • 3 min read
Andrew Goodwin: As the regulator plays catch-up, should advisers race towards AI's cutting edge?

Andrew Goodwin: As the regulator plays catch-up, should advisers race towards AI's cutting edge?

'The review offers tangible evidence of the FCA playing catch-up'

Andrew Goodwin
clock 01 September 2026 • 4 min read