Why Employers Might Care About Scottish Trust Deeds
Financial services firms must control the risks they face. This is a regulatory requirement.
One area of risk is vulnerable employees. When people become vulnerable, the perception of risk increases. There’s a risk of financial loss. There’s a risk of poor work performance.
Debt problems can make people vulnerable. Firms may create policies to address this risk. They might run credit checks on staff. They might create disclosure requirements. Firms might add contract clauses related to personal insolvency.
Other types of employer control risk in similar ways. The police and armed forces are examples.
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