1.

The managed pension funds business within Investment management has been reported on an [IFRS] basis as management believe IFRS to be the most appropriate reporting basis for the Investment management business.

2.

Other non-pension includes institutional segregated mandates, private equity and property (both in the UK and overseas). The increase has been driven by non-pension segregated mandates.

3.

Investment management services for internal funds excludes £27m (2009: £28m) of profits arising from the provision of investment management services at market referenced rates to the covered business. These are reported on a look through basis within the Risk and Savings covered business on an [EEV] basis.