OTHER LIABILITIES

12 Months Ended

Dec. 31, 2019

Disclosure of other liabilities [text block] [Abstract]

Disclosure of other liabilities [text block]

NOTE 35: OTHER LIABILITIES

	2019		2018
	£m		£m
Settlement balances		760		485
Unitholders’ interest in Open Ended Investment Companies1		11,928		12,933
Unallocated surplus within insurance businesses		400		382
Lease liabilities		1,844		46
Other creditors and accruals		5,401		5,787
Total other liabilities		20,333		19,633

1 Where a collective investment vehicle is consolidated the interests of parties other than the Group are reported at fair value in other liabilities.

The maturity of the Group’s lease liabilities was as follows:

	2019		2018
	£m		£m
Not later than 1 year		241		10
Later than 1 year and not later than 2 years		222		9
Later than 2 years and not later than 3 years		207		7
Later than 3 years and not later than 4 years		170		6
Later than 4 years and not later than 5 years		145		2
Later than 5 years		859		12
		1,844		46

The Group adopted IFRS 16 Leases from 1 January 2019, see note 1.