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  • Setting the Personal Injury Discount Rate

    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. ... More
    Closed 9 April 2024

  • Personal Injury Discount Rate: Exploring the option of a dual/multiple rate

    This call for evidence examines how a dual/multiple personal injury discount rate system might work and what its effects on claimants and defendants might be. It is aimed at people with an interest in high value personal injury claims in England and Wales and how damages awarded are invested. The call for evidence closed on 11 April 2023 and a response document has now been prepared and published. The response document summarises the submissions received from stakeholders but does... More
    Closed 11 April 2023

  • The personal injury discount rate: how it should be set in future

    This consultation forms part of the review of the framework under which the personal injury discount rate is set. The paper considers possibilities for how, when and by whom the discount rate should be set, but does not make specific proposals. The core issues examined in the consultation paper are: What principles should guide how the rate is set? How often should the rate be set? Who should set the discount rate? The paper also considers whether... More
    Closed 11 May 2017

  • Damages Act 1996: the discount rate - review of the legal framework

    This consultation paper seeks views on two subjects relating to the setting of the discount rate under section 1 of the Damages Act 1996: Whether the legal parameters defining how the rate is set should be changed. Whether there is a case for encouraging the use of periodical payment orders instead of lump sum payments. Please note: the consultation paper was revised on 5 March 2013 to correct an error in paragraph 79. This paragraph stated that there could be... More
    Closed 7 May 2013

  • Damages Act 1996: the discount rate - how should it be set?

    This consultation relates to the methodology to be used by the Lord Chancellor and his counterparts in Scotland and Northern Ireland in independently setting the discount rate for personal injury damages in their respective jurisdictions. The consultation is aimed at people and organisations with an interest in personal injury claims and damages in the UK. More
    Closed 23 October 2012
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