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Association of Personal Injury Lawyers

Reaction to Government's response to consultation on setting the discount rate

07 Sep 2017
APIL news

Brett Dixon, president of the Association of Personal Injury Lawyers (APIL) said

 

“The discount rate must be set to meet the needs of catastrophically injured people. Someone with a life-long, life-changing injury such as brain damage or a spinal injury cannot afford to take any risks with how his compensation is invested. He needs the money to keep a roof over his head, to fund his equipment, and to feed and clothe him and pay for his care for the rest of his life. We need to examine the detail of the Ministry of Justice’s response, but what I can say is that the new formula for calculating the rate will be critical to injured people.

 

The last thing people with devastating injuries think about when they are lying in hospital is their insurance premiums. They think about how they are going to manage. Insurers say an increased discount rate will ‘benefit’ customers through their premiums. It is of no benefit if they are severely injured and forced to take risks with the compensation they so desperately need.”

Past statements and comments

Civil Liability Bill debate on whiplash reform in the House of Lords - reaction from the Association of Personal Injury Lawyers (APIL), 13 Jun 2018
Reaction from the Association of Personal Injury Lawyers (APIL) to the Justice Select Committee report on increasing the small claims limit for personal injury (17 May 2018), 17 May 2018
Fixed costs for personal injury claims against the NHS: APIL response, 15 Feb 2018
MoJ decides on April 2019 to implement whiplash reforms, 12 Feb 2018
APIL's response to the Justice Select Committee report , 30 Nov 2017
APIL's reaction to a court of appeal ruling in relation to eligibility for bereavement damages, 28 Nov 2017
Rapid resolution and redress scheme , 28 Nov 2017
Response to National Audit Office report and recommendations for managing the costs of clinical negligence in trusts, 06 Sep 2017

More past statements

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