5 Investment management operating profit.

(XLS:) Notes to the Supplementary Financial Statements – Investment management operating profit

 

2012
£m

2011
£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 £6m (2011: £9m) on an average asset balance of £0.4bn (2011: £0.4bn) has been included within other non-pension operating profit.

3.

Investment management services for internal funds excludes £27m (2011: £24m) 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 Protection and Annuities and Savings covered business on an EEV basis.

Pension funds (managed and segregated)1

181

172

Other non-pension2

22

25

Investment management services for internal funds3

13

13

Total Investment management operating profit

216

210