09 December 2021

TSB Pledges Equal Parental Leave, Miscarriage Leave and Infertility & Menopause Support in New Employee Support Package

  • Starting on 1st February 2022 all TSB employees who are new parents will be able to take up to 20 weeks of fully paid leave with their child.
  • Policy inclusive of all parents regardless of gender and includes adoption and co-parenting.
  • TSB also introduces compassionate leave on full pay for any colleague affected by parental or pregnancy-related bereavement or loss.

TSB has today announced a new employee support package which aims to provide additional support for staff who are new parents, those affected by parental or pregnancy-related bereavement, and those experiencing menopause or infertility.

Within the new package, all new parents at TSB will be able to take up to a year’s leave with their child, with 20 weeks at full pay. This will apply to primary and co-parents, including adoptive parents.

The policy comes as research shows that just 27 per cent of eligible fathers are taking up the offer of paternity leave and very few parents using the shared parental leave scheme.*

TSB has also introduced a minimum of two weeks’ compassionate leave on full pay for any colleague affected by parental or pregnancy-related bereavement or loss, and developed infertility related support. TSB has signed up to the Pregnancy Loss Pledge which sets out expectations for employers.

Liz Ashford, TSB’s Human Resources Director said: 

“Extending and equalising paid leave for parents levels the playing field at work and removes any barriers to career progression. It’s an important step in making TSB an inclusive workplace."

“We also want to offer our colleagues compassionate and relevant policies for when they are experiencing challenging moments in their lives. Our new policies around pregnancy loss, parental bereavement, infertility and menopause are designed to give colleagues the support they need when it matters most."

Primary parents will be eligible for the policy from day one of their TSB employment. Co-parents need to have been with TSB for a minimum of six months.

In addition to these changes, TSB has also put in place a new package of support for colleagues who are experiencing menopause. Menopause will happen to more than half of the population and will affect almost everyone else by association. Research shows that three out of five (59%) working women between the ages of 45 and 55 who are experiencing menopause symptoms say it has a negative impact on them at work.**

To ensure colleagues have the support they need, TSB has developed a ‘Menopause Toolkit’ with a range of resources available through its partnership with BUPA. There is also specific guidance available for managers to equip them to support staff experiencing menopause.

TSB has recently signed the Menopause Workplace Pledge to demonstrate its commitment to building an inclusive culture in the bank as part of TSB’s Do What Matters Plan.

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* EMW Law LLP

** Bupa and the Chartered Institute of Personnel and Development (CIPD) press release.

About us

TSB is a retail bank with a trusted customer brand and heritage stretching back to the start of the savings bank movement 200 years ago. We offer full retail banking to more than five million customers who are served through digital channels, over the phone and in branches. We commit to creating social and environmental value through our Do What Matters Plan.