For each sector, The Better Hiring Institute advisory board appoint a sub-committee of up to ten organisations. The purpose of each sub-committee is to meet with others in your sector for an hour every 6-8 weeks with the aim to discuss how you could potentially standardise for your industry, challenges and issues that you face, and any key themes. This is with a view to harmonise and modernise hiring in the UK labour market. 

If you would like to become a sub-committee member and collaborate with industry and UK GOV specifically on matters that relate to your industry, get in touch.

Get in touch

Who regulates the industry?

The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) regulate the UK's insurance industry under the Financial Services Act 2012. The Financial Services Authority (FSA), an independent non-governmental body with statutory powers from the Financial Services and Markets Act 2000 (FSMA 2000), previously governed the UK insurance industry before forming the PRA FCA. The FSA was responsible for regulating the UK's entire financial services industry, including the insurance industry.

The responsibilities of the FSA were separated between the two new bodies.

The Twin Peaks regulators, which are as follows:

  • The PRA is a quasi-governmental regulator responsible for promoting the stable and fair operation of the financial system.
  • The FCA is a quasi-governmental regulator responsible for overseeing retail and wholesale financial markets and the infrastructure that supports those markets. The FCA is also responsible for the regulation of firms that do not fall under PRA's scope.

Screening requirements for the industry

Employment screening with FCA regulations

Checks include:

  • Financial checks, such as credit check and analysis of country court judgments or declared bankruptcies.
  • Identity check
  • Five years' worth of employment validation and gap analysis
  • Highest qualification verification
  • Criminal record check
  • FAC register validation search and disciplinary validation.
  • UK directorship and disqualification check

Examples of roles and associated checks

Facilities, Hospitality

  • Right to work check
  • Proof of address
  • Identity check
  • 3 years employment history
  • 3 years referencing
  • Basic criminal record check
  • Sanctions check
  • Relevant/Highest qualification
  • Credit check

Call Centre

  •  Right to work check
  •  Proof of address
  •  Identity check
  •  3 years employment history
  •  3 years referencing
  •  Basic criminal record check
  •  Sanctions check
  •  Relevant/Highest qualification
  •  Credit check
  •  Cifas fraud check (membership req.)
  •  Regulated references
  •  Professional qualifications (where applicable)

Director, Regulated Role

  •  Right to work check
  •  Proof of address
  •  Identity check
  •  5 years employment history
  •  6 years referencing
  •  Standard criminal record check
  •  Sanctions check
  •  Relevant/Highest qualification
  •  Credit check
  •  Cifas fraud check (membership req.)
  •  Regulated references
  •  Professional qualifications
  •  Directorship check
  •  Social media check

Case for change

The absence of an overriding organisation setting standards for hiring across the UK means that there is no singular driving force for change to modernise the labour market by eliminating waste, inefficiency, and poor productivity across all sectors and industries. We want to streamline and modernise hiring and promote safe recruitment across all sectors, including tackling various recruitment fraud, which has increased during COVID.

What happens if you don't get it right?

Join the subcommittee for your industry.
Get involved.
If you are interested, just let us know! Appoint a representative for your organisation and we will get in touch and facilitate arrangements. Simple as that.
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