16 Assets Held to Cover Linked Liabilities
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| Cost | Current value |
| 1998 £m | 1997 £m | 1998 £m | 1997 £m |
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Assets held to cover linked liabilities | 7,625 | 8,341 | 9,737 | 9,911 |
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Current value includes £3,243m (£2,733m) in respect of managed funds.
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