OTHER LIABILITIES

12 Months Ended

Dec. 31, 2020

Disclosure of other liabilities [Abstract]

OTHER LIABILITIES

NOTE 33: OTHER LIABILITIES

	2020	2019
	£m	£m
Settlement balances	1,191	760
Unitholders’ interest in consolidated Open Ended Investment Companies1	11,784	11,928
Unallocated surplus within insurance businesses	343	400
Lease liabilities	1,672	1,844
Other creditors and accruals	5,357	5,401
Total other liabilities	20,347	20,333

1Where 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:

	2020	2019
	£m	£m
Not later than 1 year	234	241
Later than 1 year and not later than 2 years	197	222
Later than 2 years and not later than 3 years	180	207
Later than 3 years and not later than 4 years	147	170
Later than 4 years and not later than 5 years	123	145
Later than 5 years	791	859
	1,672	1,844