Exploring what impact the new Ogden Discount Rates will have in practice
The PI Discount Rate is a calculation used to adjust lump sum compensation payments to the victims of life-changing injuries; the purpose of the Discount Rate is to ensure that victims receive full and fair compensation. Consideration is given to loss of future earnings, care costs etc with a view to the victim returning to a financial position comparable to if they had not been injured.
Following extensive review, the Personal Injury Discount Rate increased by 0.5% to minus 0.25%, with effect from August 2019.
During this session solicitor and lecturer Nicky Carter will explore the implications of the new rate and will provide viewers with guidance on using the new PI Discount Rate in practice.
Nicky will discuss the following topics and case law:
• Part 36
o Court approval
o Roberts v Johnstone revisited? JR v Sheffield Teaching Hospitals NHS Foundation Trust  EWHC 1245 (QB)
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