Committees

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

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3rd Report - Pre-legislative scrutiny: draft personal injury discount rate clause
Inquiry Pre-legislative scrutiny: draft personal injury discount rate legislation inquiry
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HC 374
Report
Response to this report
Government Response to the Committee’s Third Report Pre-legislative scrutiny: draft personal injury discount rate clause
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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
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Oral Evidence

Written evidence

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Rt Hon Lord Keen of Elie QC on Pre-legislative scrutiny of draft PI discount rate legislation, dated 4 September 2019 (IDR0043)
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Association of British Insurers (IDR0041)
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Personal Financial Planning Ltd (IDR0042)
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Other publications

Government Responses
The Government has undertaken to respond to most committee reports within two months, although there are exceptions to this rule.
1 published
Correspondence
Committees exchange letters with government departments and others, often to request information or follow up on recommendations.
1 published

Contact us

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