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8 Employee information.


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2009

2008

1.

The private equity investment vehicle is controlled by virtue of a 100% holding owned by the with-profits part of the [LTF]. The £8m costs of employment for private equity investment subsidiaries in 2009 primarily comprise wages and salaries.

Average number of staff employed during the year:

 

 

 

UK

 

8,143

8,999

Europe

 

380

360

USA

 

417

418

Total excluding consolidated private equity investment vehicles

 

8,940

9,777

Consolidated private equity investment vehicles1

 

384

–

Worldwide employees

 

9,324

9,777

 

 

 

 

 

Notes

2009
£m

2008
£m

Salaries

 

310

330

Social security costs

 

38

39

Share-based incentive awards

 

20

23

Defined benefit pension costs

36

62

58

Defined contribution pension costs

36

34

25

Total excluding consolidated private equity investment vehicles

 

464

475

Consolidated private equity investment vehicles1

 

8

–

 

 

472

475

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