v3.25.4

Structured entities (Tables) | 12 Months Ended
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Dec. 31, 2025
Subclassifications of assets, liabilities and equities [abstract] |
Disclosure of interests in unconsolidated structured entities [text block] | The following table describes the types of structured entities that the Group does not consolidate but in which it holds an interest.
|  |  | Total assets of structured entities
Type of entity | Nature and purpose of structured entities | Interest held by the Group | 2025 £bn | 2024 £bn
Collective investment vehicles and limited partnerships | These vehicles are primarily financed by investments from investors in the vehicles and are matched by policyholder liabilities in the Insurance division. | •Interests in units issued by the vehicles •Fees from management of vehicles | 2,627 | 2,434
Securitisation vehicles | These vehicles issue asset-backed notes to investors and facilitate the management of the Group’s balance sheet. | •Interest in notes issued by the vehicles •Fees for loan servicing | 4 | 5
Additional information about nature of and changes in risks associated with interests in structured entities [text block] | The following table sets out an analysis of the carrying amount of interest held by the Group in the unconsolidated structured entities. The maximum exposure to loss is the carrying amounts of the assets held.
Carrying amount | Recognised within; | 2025 £m | 2024 £m
Collective investment vehicles and limited partnerships | Financial assets at fair value through profit or loss | 45,991 | 86,630
Notes held in securitisation vehicles | Financial assets at fair value through profit or loss; and Financial assets at amortised cost | 1,186 | 2,403
Interest rate derivatives provided to securitisation vehicles | Derivative financial instruments assets; and Derivative financial instruments (liabilities) | 5 | 22

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- Definition The disclosure of additional information about the nature of, and changes in, risks associated with interests in structured entities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2025-01-01 -Paragraph B25 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2025-en-r&anchor=para_B25&doctype=Appendix&subtype=B -URIDate 2025-03-27 + Details
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- Definition The disclosure of interests in structured entities that are not controlled by the entity (unconsolidated structured entities). [Refer: Total for all unconsolidated structured entities [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2025-01-01 -Paragraph 2 -Subparagraph b -Clause iii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2025-en-r&anchor=para_2_b_iii&doctype=Standard -URIDate 2025-03-27 + Details
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