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Pre-legislative scrutiny: draft personal injury discount rate legislation inquiry

Inquiry

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.

Reports, special reports and government responses

View all reports and responses
3rd Report - Pre-legislative scrutiny: draft personal injury discount rate clause
Inquiry Pre-legislative scrutiny: draft personal injury discount rate legislation inquiry
HC 374
Report
Response to this report
Government Response to the Committee’s Third Report Pre-legislative scrutiny: draft personal injury discount rate clause
Cm 9567
Government Response

Oral evidence transcripts

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1 November 2017
Inquiry Pre-legislative scrutiny: draft personal injury discount rate legislation inquiry
Witnesses 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
Oral Evidence
Rt Hon Lord Keen of Elie QC on Pre-legislative scrutiny of draft PI discount rate legislation, dated 4 September 2019 (IDR0043)
Association of British Insurers (IDR0041)
Personal Financial Planning Ltd (IDR0042)

Contact us

  • Email: justicecom@parliament.uk
  • Phone: 020 7219 6684 (general enquiries) | 020 7219 3051 (media enquiries)
  • Address: House of Commons, London SW1A 0AA