Edinburgh investment group Baillie Gifford has confirmed it is offering “a voluntary exit programme to UK-based staff, giving them the option to leave on enhanced terms.”

Last September, Baillie Gifford confirmed reports that it was considering making redundancies in an effort to “stay resilient.”

On Monday, a spokesperson for the firm said: “Baillie Gifford continues to evolve, as it has done for more than a century, to remain relevant to clients and well positioned for the future.

“The firm is always investing in technology and innovation – this month we launched a suite of active ETFs in the US, an Islamic global equities fund, and the UK’s first tokenised fund.

“Our industry is progressing rapidly, and client needs are shifting. The future demands new capabilities and ways of working, and we must continue to adapt to meet those changes. Standing still is not an option.

“Therefore, we have offered a voluntary exit programme to UK-based staff, giving them the option to leave on enhanced terms. This is intended to give people choice while ensuring the firm has the skills and resources needed to succeed in the years ahead.

“We remain focused on our clients and this programme will not affect the service they receive.”