The Ministry of Justice has issued a call for evidence on the personal injury discount rate (PIDR)
It is aimed at lawyers and other parties with an interest in high-value claims and how awarded damages are invested. Information sought covers: 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.
Lord Christopher Bellamy KC said the PIDR ‘is an important mechanism in fulfilling the longstanding common law principle that when someone is wrongfully injured, they receive full damages that meet their current and future needs, including care costs and lost future earnings’.
Responses should be made by 9 April. Find out more on GOV.UK.
