Corporate report

Personal Injury Discount Rate - a GAD Technical Bulletin

This bulletin sets out background on the personal injury discount rate and summarises the government’s proposals for reform.

• From: Government Actuary's Department
• Published: 7 September 2017

Documents

Personal Injury Discount Rate - Technical Bulletin

PDF, 223 KB, 2 pages

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Details

On 7 September, the Lord Chancellor announced reforms to how compensation pay-outs for personal injury victims should be calculated. Draft legislation has been published which, if enacted, will affect how the Personal Injury Discount Rate (PIDR) is set in future. This follows a consultation earlier this year on possibilities for how, when and by whom the PIDR should be set. This bulletin sets out some background to the PIDR and summarises the government’s proposals for England & Wales.

Published 7 September 2017