ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure of business combinations [text block] [Abstract]

Disclosure of acquired receivables [text block]

The table below sets out the fair value of the identifiable assets and liabilities acquired.

	Book value as at 1 July 2019 £m		Fair value adjustments £m		Fair value as at 1 July 2019 £m
Assets
Financial assets at fair value through profit or loss		7,350		–		7,350
Loans and advances to banks		17		–		17
Value of in-force business		–		6		6
Assets arising from reinsurance contracts held		13,616		–		13,616
Other assets		6		–		6
Total assets		20,989		6		20,995
Liabilities
Liabilities arising from non-participating investment contracts		20,981		–		20,981
Other liabilities		8		–		8
Total liabilities		20,989		–		20,989
Provisional fair value of net assets acquired		–		6		6
Goodwill arising on acquisition						14
Total consideration						20