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Extension of policy

Baillie Gifford offers longer leave to all new parents

Lynn DewarBaillie Gifford, the Edinburgh-based global investment management partnership, has introduced parental leave of up to 52 weeks for male and female staff

The policy, which applies irrespective of length of service, offers choice and flexibility to all new parents at the firm and aims to improve gender equality.

The first 26 weeks of leave will be at full pay and the following 13 weeks at half-pay, a significant improvement to the current policy which was already well ahead of statutory requirements. Parents will continue to receive holidays and benefits.  

Lynn Dewar, pictured, a partner at Baillie Gifford and chairman of the diversity and inclusion group, said: “The new policy offers equal rights to all working parents after a child’s birth or adoption.  As a fair and progressive employer, this is part of our commitment to supporting gender equality and improving diversity across the firm.” 

Tim Alcorn, head of investment risk at Baillie Gifford is planning to take over three months of parental leave when his second child is born later this month. He said: This is a fantastic opportunity for us to spend this precious time together.

“With this generous policy, Baillie Gifford has set out a clear industry-leading position which embodies the culture of the firm.”

Earlier this month drinks company Diageo, which makes Johnnie Walker whisky and Guinness, announced that it would be offering male and female employees an equal 52 weeks parental leave.

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