News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

People

MUFG ups UK paternity leave to six weeks in benefits overhaul

Package of perks includes more time off to care for dependents and tax-free nursery

Internal memo says enhanced benefits will help the bank retain talent
Internal memo says enhanced benefits will help the bank retain talent Photo: Kiyoshi Ota/Getty Images

MUFG will let male bankers in the UK take six weeks of paternity leave, in a bid to relieve pressure on working parents struggling to balance careers and families.

Staff at the Japanese bank will be granted extra time off to care for children and elderly parents, and make use of a tax-free nursery benefit to reduce costs, according to an internal memo seen by Financial News.

WSJ Logo