Setting new standards - Friends Life
Setting new standards - Friends Life
Setting new standards - Friends Life
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FINANCIAL STATEMENTS<br />
IFRS FINANCIAL STATEMENTS<br />
EEV SUPPLEMENTARY INFORMATION<br />
Notes to the consolidated accounts continued<br />
8. Administrative and other expenses continued<br />
Fees for the year ended 31 December 2006<br />
International<br />
UK <strong>Life</strong> & <strong>Life</strong> & Asset<br />
Pensions Pensions Management Total<br />
£m £m £m £m<br />
Fees paid to KPMG<br />
Statutory audit fees 0.3 - - 0.3<br />
Subsidiary and pension scheme audit fees 0.8 0.1 0.5 1.4<br />
Other audit fees 0.2 - 0.1 0.3<br />
Regulatory reporting 0.2 - 0.1 0.3<br />
Total audit fees 1.5 0.1 0.7 2.3<br />
Services relating to IT - - 0.6 0.6<br />
Services relating to recruitment and remuneration - - 0.1 0.1<br />
All other services - - 0.1 0.1<br />
Total KPMG fees 1.5 0.1 1.5 3.1<br />
Fees paid to Ernst & Young<br />
Regulatory reporting - - 0.5 0.5<br />
Total audit fees - - 0.5 0.5<br />
Other taxation services - - 0.4 0.4<br />
Services relating to IT 0.8 - - 0.8<br />
All other services 4.4 - 0.1 4.5<br />
Total Ernst & Young fees 5.2 - 1.0 6.2<br />
Total fees 6.7 0.1 2.5 9.3<br />
KPMG Audit Plc is the auditor of the principal pension scheme of the Group, the <strong>Friends</strong> Provident Pension Scheme (FPPS). Fees paid to<br />
KPMG Audit Plc in 2006 in respect of the audit of FPPS amounted to £29,000 (2005: £27,000).<br />
Corporate items of £1.6m (2005: £1.6m) are included within UK <strong>Life</strong> & Pensions.<br />
94 <strong>Friends</strong> Provident Annual Report & Accounts 2006