Independent report: Personal Injury Discount Rate regulation features advice - Scotland

⌂Back To Homepage Subscribe To RSS Feed

Government Actuarys Department

April 26

08:16 2024

Print This Article Share it With Friends

Created by Government Actuarys Department 0 comments

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 Actuarys 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.

Published 26 April 2024