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RETIREMENT BENEFIT OBLIGATIONS - Schedule of Composition of Scheme Assets (Details) - GBP (£)
£ in Millions
Dec. 31, 2022
Dec. 31, 2021
Debt securities:    
Total debt instruments held £ 9,926 £ 6,835
Property 10,660 11,577
Investment grade    
Debt securities:    
Defined benefit scheme fair value of scheme assets debt instruments with investment grade 20,369 42,568
Retirement scheme assets    
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items]    
Equity instruments 54 653
Debt securities:    
Fixed interest government bonds 3,007 10,512
Index-linked government bonds 15,497 23,969
Corporate and other debt securities 3,978 13,399
Total debt instruments held 22,482 47,880
Property 116 139
Pooled investment vehicles 18,593 14,538
Money market instruments, cash, derivatives and other assets and liabilities (8,548) (11,676)
At 31 December 32,697 51,534
Quoted £m | Retirement scheme assets    
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items]    
Equity instruments 7 617
Debt securities:    
Fixed interest government bonds 3,007 10,512
Index-linked government bonds 15,497 23,969
Corporate and other debt securities 3,978 13,399
Total debt instruments held 22,482 47,880
Property 0 0
Pooled investment vehicles 2,730 1,192
Money market instruments, cash, derivatives and other assets and liabilities 1,069 319
At 31 December 26,288 50,008
Unquoted £m | Retirement scheme assets    
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items]    
Equity instruments 47 36
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 116 139
Pooled investment vehicles 15,863 13,346
Money market instruments, cash, derivatives and other assets and liabilities (9,617) (11,995)
At 31 December £ 6,409 £ 1,526