Independent report
Personal Injury Discount Rate regulation features advice - Scotland
The Government Actuary’s Department’s response to the request for advice on the Scottish Personal Injury Discount Rate regulations.
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The Personal Injury Discount Rate (PI discount rate) is used to determine lump sum damage awards to pursuers who suffer a serious personal injury.
The next review of the Scottish PI discount rate will begin by 1 July 2024. Prior to this review Scottish Ministers must consider whether the features of the rate setting methodology remain suitable.
The Government Actuary’s Department has been asked to consider 5 questions relating to the current features of the regulation methodology, taking into account additional, readily available information since our previous advice.