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LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Non-annuitant mortality and morbidity [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Change in variable [1] 5% reduction  
Annuitant mortality [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Change in variable [2] 5% reduction  
Lapse rates [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Change in variable [3] 10% reduction  
Future maintenance and investment expenses [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Change in variable [4] 10% reduction  
Risk-free rate [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Change in variable [5] 0.25% reduction  
Guaranteed annuity option take up [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Change in variable [6] 5% addition  
Equity investment volatility [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Change in variable [7] 1% addition  
Widening of credit default spreads on corporate bonds [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Change in variable [8] 0.25% addition  
Increase in illiquidity premia [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Change in variable [9] 0.10% addition  
Increase (reduction) in profit before tax [Member] | Non-annuitant mortality and morbidity [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Increase (decrease) in accounting estimate [1] £ 19 £ 22
Increase (reduction) in profit before tax [Member] | Annuitant mortality [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Increase (decrease) in accounting estimate [2] (293) (234)
Increase (reduction) in profit before tax [Member] | Lapse rates [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Increase (decrease) in accounting estimate [3] 107 89
Increase (reduction) in profit before tax [Member] | Future maintenance and investment expenses [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Increase (decrease) in accounting estimate [4] 299 262
Increase (reduction) in profit before tax [Member] | Risk-free rate [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Increase (decrease) in accounting estimate [5] 33 76
Increase (reduction) in profit before tax [Member] | Guaranteed annuity option take up [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Increase (decrease) in accounting estimate [6] (1) (3)
Increase (reduction) in profit before tax [Member] | Equity investment volatility [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Increase (decrease) in accounting estimate [7] (2) (5)
Increase (reduction) in profit before tax [Member] | Widening of credit default spreads on corporate bonds [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Increase (decrease) in accounting estimate [8] (424) (364)
Increase (reduction) in profit before tax [Member] | Increase in illiquidity premia [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Increase (decrease) in accounting estimate [9] 191 153
Increase (reduction) in equity [Member] | Non-annuitant mortality and morbidity [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Increase (decrease) in accounting estimate [1] 16 18
Increase (reduction) in equity [Member] | Annuitant mortality [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Increase (decrease) in accounting estimate [2] (243) (194)
Increase (reduction) in equity [Member] | Lapse rates [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Increase (decrease) in accounting estimate [3] 89 74
Increase (reduction) in equity [Member] | Future maintenance and investment expenses [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Increase (decrease) in accounting estimate [4] 248 217
Increase (reduction) in equity [Member] | Risk-free rate [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Increase (decrease) in accounting estimate [5] 28 63
Increase (reduction) in equity [Member] | Guaranteed annuity option take up [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Increase (decrease) in accounting estimate [6] (1) (2)
Increase (reduction) in equity [Member] | Equity investment volatility [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Increase (decrease) in accounting estimate [7] (1) (4)
Increase (reduction) in equity [Member] | Widening of credit default spreads on corporate bonds [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Increase (decrease) in accounting estimate [8] (352) (303)
Increase (reduction) in equity [Member] | Increase in illiquidity premia [Member]    
LIFE INSURANCE SENSITIVITY ANALYSIS (Details) - Schedule of Accounting Estimates and Judgements [Line Items]    
Increase (decrease) in accounting estimate [9] £ 159 £ 127
[1] This sensitivity shows the impact of reducing mortality and morbidity rates on non-annuity business to 95 per cent of the expected rate.
[2] This sensitivity shows the impact on the annuity and deferred annuity business of reducing mortality rates to 95 per cent of the expected rate.
[3] This sensitivity shows the impact of reducing lapse and surrender rates to 90 per cent of the expected rate.
[4] This sensitivity shows the impact of reducing maintenance expenses and investment expenses to 90 per cent of the expected rate.
[5] This sensitivity shows the impact on the value of in-force business, financial options and guarantee costs, statutory reserves and asset values of reducing the risk-free rate by 25 basis points.
[6] This sensitivity shows the impact of a flat 5 per cent addition to the expected rate.
[7] This sensitivity shows the impact of a flat 1 per cent addition to the expected rate.
[8] This sensitivity shows the impact of a 25 basis point increase in credit default spreads on corporate bonds and the corresponding reduction in market values. Swap curves, the risk-free rate and illiquidity premia are all assumed to be unchanged.
[9] This sensitivity shows the impact of a 10 basis point increase in the allowance for illiquidity premia. It assumes the overall spreads on assets are unchanged and hence market values are unchanged. Swap curves and the non-annuity risk-free rate are both assumed to be unchanged. The increased illiquidity premium increases the annuity risk-free rate.