Aviva 2009 Annual Report Download - page 276

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Aviva plc Notes to the consolidated financial statements continued
Annual Report and Accounts 2009
59 – Related party transactions continued
Our UK fund management companies manage most of the assets held by the Group’s main UK staff pension scheme, for which
they charge fees based on the level of funds under management. The main UK scheme and the Dutch scheme hold investments
in Group-managed funds and insurance policies with other Group companies, as explained in note 47(e)(iii).
The related parties’ receivables are not secured and no guarantees were received in respect thereof. The receivables will be
settled in accordance with normal credit terms. Details of guarantees, indemnities and warranties provided on behalf of related
parties are given in note 51(j).
Services provided by related parties
There were no services provided by related parties in 2007, 2008 or 2009.
Key management compensation
The total compensation to those employees classified as key management, being those having authority and responsibility for
planning, directing and controlling the activities of the Group, including the executive and non-executive directors is as follows:
2009 2008
£m £m
Salary and other short-term benefits 39 38
Post-employment benefits 5 3
Equity compensation plans 16 9
Termination benefits 1 3
Total 61 53
Information concerning individual directors’ emoluments, interests and transactions is given in the Directors’ remuneration report.