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RETIREMENT BENEFIT OBLIGATIONS - Schedule of Composition of Scheme Assets (Details) - GBP (£)
£ in Millions
Dec. 31, 2021
Dec. 31, 2020
Debt securities:    
Total debt instruments held £ 6,835 £ 5,405
Property 11,577 11,754
Investment grade    
Debt securities:    
Defined benefit scheme fair value of scheme assets debt instruments with investment grade 42,568 39,439
Retirement scheme assets    
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items]    
Equity instruments 653 661
Debt securities:    
Fixed interest government bonds 10,512 11,328
Index-linked government bonds 23,969 21,058
Corporate and other debt securities 13,399 12,736
Total debt instruments held 47,880 45,122
Property 139 136
Pooled investment vehicles 14,538 13,672
Money market instruments, cash, derivatives and other assets and liabilities (11,676) (8,464)
At 31 December 51,534 51,127
Quoted | Retirement scheme assets    
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items]    
Equity instruments 617 616
Debt securities:    
Fixed interest government bonds 10,512 11,328
Index-linked government bonds 23,969 21,058
Corporate and other debt securities 13,399 12,736
Total debt instruments held 47,880 45,122
Property 0 0
Pooled investment vehicles 1,192 650
Money market instruments, cash, derivatives and other assets and liabilities 319 812
At 31 December 50,008 47,200
Unquoted | Retirement scheme assets    
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items]    
Equity instruments 36 45
Debt securities:    
Fixed interest government bonds 0 0
Index-linked government bonds 0 0
Corporate and other debt securities 0 0
Total debt instruments held 0 0
Property 139 136
Pooled investment vehicles 13,346 13,022
Money market instruments, cash, derivatives and other assets and liabilities (11,995) (9,276)
At 31 December £ 1,526 £ 3,927