5 INVESTMENT MANAGEMENT OPERATING PROFIT.


(Download XLS:) Download Excel

 

2011
£m

2010
£m

1.

The managed pension funds business within Investment management has been reported on an [IFRS] basis as is consistent with prior years.

2.

Other non-pension includes institutional segregated mandates, private equity and property (both in the UK and overseas). Interest income on shareholder funds of £9m (2010: £11m) has been included within other non-pension operating profit.

3.

Investment management services for internal funds excludes £24m (2010: £27m) 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.

Pension funds (managed and segregated)1

172

148

Other non-pension2

25

20

Investment management services for internal funds3

13

11

Total Investment management operating profit

210

179

top


Share this page.