The London Stock Exchange Group is rolling out 26 weeks of paid parental leave for new parents globally, surpassing the benefit offered by some of the world’s biggest finance firms.
The policy will come into effect from July 1 for employees who have been at the company for more than 12 months, and can be followed by an eight-week phased return to work, during which employees work 80% of normal hours at full pay.
Currently, families can be “forced to make choices between affordability, financial stability and being able to be at home,” said Jennifer Thomas, global head of equity, diversity and inclusion at the firm. She said the new policy creates a more equitable offer for employees.
The company currently offers as little as five days to dads in Sri Lanka, while mothers in the US receive 12 weeks paid leave. In the UK, where LSEG is based, new fathers received two weeks off while maternity leave already matches the new policy.
Standard Chartered Plc and Goldman Sachs Group Inc. offer 20 weeks off for all new parents globally while JPMorgan Chase & Co., Barclays Plc and Bank of America Corp. offer 16 weeks off for US employees.
More companies are promoting gender-neutral parental leave policies because they encourage women to return to work sooner, helping to ease the pay gap by driving up wages and labor-force participation. Longer paternity leave can also boost the personal and economic well-being of working families and has been shown to lead to improved health and development outcomes for children.
While the UK offers shared parental leave and pay, only 1% of working mothers and 5% of fathers among eligible couples in Great Britain have taken up the offer since its introduction in 2015, a government report said last year, citing financial constraints as a key factor.
Elsewhere in Utah, Raymond James also welcomed another experienced advisor from D.A. Davidson.
A federal appeals court says UBS can’t force arbitration in a trustee lawsuit over alleged fiduciary breaches involving millions in charitable assets.
NorthRock Partners' second deal of 2025 expands its Bay Area presence with a planning practice for tech professionals, entrepreneurs, and business owners.
Rather than big projects and ambitious revamps, a few small but consequential tweaks could make all the difference while still leaving time for well-deserved days off.
Hadley, whose time at Goldman included working with newly appointed CEO Larry Restieri, will lead the firm's efforts at advisor engagement, growth initiatives, and practice management support.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
