BLM discount rate webinar - now available

19 Jul 2017

On 20 March, sixteen years after setting the discount rate at 2.5% the Lord Chancellor reduced the figure to minus 0.75% and immediately announced a review of the basis on which the change should be made. Overnight the costs of claims which included future losses leapt. Reserves have been adjusted, premiums have increased and re-insurers are funding a much greater proportion of claims than they anticipated.

In our discount rate webinar, which can be viewed here, we consider what has happened to the discount rate, and explore possible outcomes, process and the timing of developments in the future.

 

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Disclaimer: This document does not present a complete or comprehensive statement of the law, nor does it constitute legal advice. It is intended only to highlight issues that may be of interest to customers of BLM. Specialist legal advice should always be sought in any particular case.

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Alistair Kinley

Alistair Kinley

Director of Policy & Government Affairs,
London


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