Bank Lobby Group UK Finance Makes Flexible Working Permanent

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Lobby group UK Finance has told employees that they will be allowed to have a flexible working model on a permanent basis.

Roughly 200 staff will be given a choice on what days they would like to come in and will only be required to travel to the City of London for certain meetings, a person familiar with the decision said, asking not to be identified discussing a private matter.

The decision won’t impact the size of its office, which is located in the heart of the City. The Square Mile has stood largely empty for a year as banks and other finance firms transitioned to remote working. The decision is the latest indication that office life won’t return to pre-pandemic norms even as some banks push to have more staffers back.

Barclays Plc Chief Executive Officer Jes Staley has said he expects his largely homebound bankers to return to their offices this year, mirroring calls from Goldman Sachs Group Inc.’s David Solomon for a return to the workplace.

Others are embracing the prospect of hybrid work. With the end of U.K. lockdowns in sight, Deutsche Bank AG is now considering letting British staff work from home from one to three days a week. Standard Life Aberdeen Plc expects workers will spend a similar amount of time at home and is reshaping offices to meet such demands, the fund manager said this month.

The Telegraph reported the move earlier.

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