Related party disclosures

12 Months Ended

Dec. 31, 2024

30. Related party disclosures

Key management personnel



Total compensation	2024 $m		2023 $m		2022 $m

Short-term employment benefits		20.1		18.6		18.7

Contributions to defined contribution pension plans		0.4		0.5		0.5

Equity compensation benefits a		16.4		15.8		13.4

		36.9		34.9		32.6

a.	As measured in accordance with IFRS 2 ‘Share-based Payment’.

There were no other transactions with key management personnel, defined as the Board and Executive Committee, during the years ended 31 December 2024, 2023 or 2022.

Associates and joint ventures



	2024 $m		2023 $m			2022 $m

Fee revenue		12		11			9

Amounts receivable (net)		41		19			10

Amounts payable		–		(10	)		–

The Group has a performance guarantee with a maximum exposure remaining of $4m (2023: $6m) for one associate.

The Group funds shortfalls in owner returns relating to the Barclay associate (s

ee note 14

). In addition, loans both to and from the Barclay associate of $

237m (2023: $237m) are offset in accordance with the provisions of IAS 32 ‘Financial Instruments: Presentation’ and presented net in the Group statement of financial position. Interest payable and receivable under the loans is equivalent. The loans have an average interest rate of 4.1% (2023:

4.0%) and interest is presented net in the Group income statement. Notes

6 and 14

contain details of other transactions with the Barclay associate.

Amounts receivable include $34

m preferred equity investments in three associates (2023: $12m in two associates) which are presented within other financial assets. The face value of these receivables is $43m, the difference to book value being due to discounting for time value of money and provisions for expected credit losses.

The closing loan and preferred equity balances above represent the maximum amount outstanding during the year.