Members Area
E2W Connecting Women in Financial Services Men For Inclusion
Open Menu

Women in Financial Services Blog

Standard Life Aberdeen - Parental Leave

Standard Life Aberdeen - Parental Leave

Mark.Freed / 30 Oct 2019

Congratulaitons to Standard Life Aberdeen

Congratulations and big well done to Standard Life Aberdeen who this week announced a new, market-leading parent leave policy that sets a new precedent across businesses in the UK.

From 1 January 2020, all employees in the UK welcoming a child into their family will be entitled to:

- 52 weeks’ leave

- 40 weeks of full paid leave regardless of gender, which includes parents who adopt or have a child by a surrogate

- The option to take these 52 weeks as one, two or three periods of leave, over two years from the birth or placement

- Additional paid leave if they have a pre-term baby.

The policy means that the primary caregiver does not have to share their entitlement and end their parental leave early.

The policy applies whether the mother gives birth to the baby, the baby is born via surrogacy, or if the child is adopted. All new parents are eligible, regardless of gender, family set-up or how long they have been at the company.

If a baby is born premature, the policy also offers additional leave to cover the period between birth and 37 weeks, to support parents in what can be challenging circumstances.

A flexible approach

The new policy is flexible and allows parents to take the full 12 months off together or in up to three separate blocks over two years, in a way that suits them, their family and career.

By equalising the opportunity to take paid leave for parents of all genders, the policy is a tangible step to ensure that becoming a parent does not limit anyone’s career potential at Standard Life Aberdeen.

 

I really like this article     


Back to blog