116 | FINANCIAL STATEMENTS | Notes to the Consolidated Financial Statements


39. Related party transactions continued The Group manages certain of the assets of the F&C Asset Management Pension Plan. The assets of the Plan managed by the Group totalled £187.7m at 31 December 2012 (31 December 2011: £189.8m).


The Group received the following investment management fees from this scheme:


receivable 2012 £m


F&C Asset Management Pension Plan 0.2


Fees Outstanding at 31 December 2012 £m


0.1


receivable 2011 £m


0.1


(v) Asset management vehicles The Group has some carried interest investments in asset management vehicles, which entitle the Group to a share of profits if certain investment return thresholds are achieved. No carried interest was received during 2012 (2011: £nil).


The Group provides asset management services for a number of asset management vehicles where Group companies directly sponsor or are involved in the management of underlying funds, which meet the criteria of related parties. In return, the Group receives investment management fees for provision of these services.


The investment management fees receivable from these asset management vehicles are summarised below: Total


invoiced Outstanding at and accrued 31 December during 2012 £m


Investment management fees 54.3


2012 £m


7.2 Total


and accrued during 2011 £m


51.9


invoiced Outstanding at 31 December 2011 £m


4.5


40. Capital Requirements Directive Under Pillar 3 of the Capital Requirements Directive, prescribed in the UK by the Financial Services Authority, the Group is required to disclose information relating to its risks, regulatory capital, remuneration policy and risk management objectives and policies. The Group’s Pillar 3 disclosures are given on the Company’s website (www.fandc.com).


41. Guarantees At 31 December 2012 the Company’s subsidiary, F&C Netherlands B.V., has provided a lease guarantee for £0.1m (31 December 2011: £0.3m) to the landlord of its premises at Jachthavenweg 109E, 1081 KM Amsterdam.


42. Parent undertaking and controlling party In the opinion of the Directors, the Group has no ultimate parent undertaking and controlling party.


Fees Outstanding at 31 December 2011 £m


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