Call for evidence outcome

Setting the Personal Injury Discount Rate

From:: Ministry of Justice
Published: 16 January 2024
Last updated: 2 December 2024 — See all updates

Applies to England and Wales

Read the full outcome

Government response

PDF, 421 KB, 41 pages

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Detail of outcome

This call for evidence closed on 9 April 2024 and a response has now been prepared and published. The response document summarises the submissions received from stakeholders but does not include any specific policy proposals or commitments.

This response has been shared with the Expert Panel and was considered alongside other evidence and analysis in forming their advice to the Lord Chancellor, who has now announced the new Discount Rate.

Original call for evidence

Call for evidence description

This Call for Evidence is intended to assist the PIDR Expert Panel in the process of obtaining up-to-date data and information on a wide range of topics relevant to modelling claimants’ likely return on investment. This includes claim and claimant characteristics, claimant investment experience, investment expenses, changes since the 2018 Call for Evidence, the impact and practicalities of adopting a dual/multiple PIDR and the way in which compensation payments are made.

The Call for Evidence is the second under the reformed process introduced by the Civil Liability Act 2018, and the first where the Lord Chancellor will consult the statutory Expert Panel.

All submissions will be considered and used to inform the work of the Expert Panel in providing advice to the Lord Chancellor.

The Call for Evidence is aimed at people with an interest in high value personal injury claims in England and Wales and how the damages awarded are invested.

The government’s response to the Call for Evidence will be published later in the year to support the Lord Chancellor’s decision on the discount rate.