Industry needs to keep pushing on Ogden

26 Oct 2017

Proposed reforms to the personal injury discount rate, known as Ogden, would provide a positive rate change in the medium-term which the industry should continue to push for, according to BLM’s director of policy & government affairs, Alistair Kinley.

Commenting for an article in Insurance Business, Alistair said: “The debate on the discount rate has been going on for quite some time, and the movement of the rate in February from 2.5% to 0.75% is the first time it has been changed in the 16 years since it was set in 2001 by Lord Irvine of Lairg – based on the yield on index-linked government stock.”

 

Click here to read the article in full.

 

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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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