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The Government proposes to maintain the principle that claimants should
receive 100% compensation for losses they incur. It proposes that the discount
rate applicable to lump sum damages invested by claimants should no longer be
set with reference to returns from Index Linked Government Securities. Instead
the draft legislation provides that the discount rate should be set on the
assumption that claimants will invest lump sums in "low risk" investments, and
having regard to actual investments made by claimants.
Evidence given by Richard Cropper, Personal Financial Advisers, Brett Dixon, President, Association of Personal Injury Lawyers, Professor Victoria Wass, Martin White, Institute and Faculty of Actuaries, Huw Evans, Director General, Association of British Insurers, Emma Hallinan, Director of Claims and Legal, Medical Protection Society, David Johnson, The Forum of Insurance Lawyers, Lord Keen of Elie QC, Ministry of Justice spokesperson
There are currently no public meetings scheduled.
Justice Committee publishes report on draft personal injury discount rate