MoJ reveals potential new discount rate after announcing reform – Law Society’s Gazette

Posted September 7th, 2017 in compensation, consultations, news, personal injuries by tracey

‘The lord chancellor has set out long-awaited proposals for calculating the “discount rate” applied to personal injury settlements. Under proposed legislation, the rate will be set by reference to rates of return on “low risk” rather than “very low risk” investments as at present. The rate will also be reviewed at least every three years.’

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Law Society's Gazette, 7th September 2017