Our response to the PI Discount Rate Consultation

The Personal Injury Discount Rate: How it Should be Set in the Future -­ Response to the Draft Legislation

Our Credentials

The Nestor Financial Group is a director led firm of Independent Financial Advisers offering pre and post-­settlement financial advice to personal injury claimants and their representatives. Nestor is based in the North-­West of England and has clients across the whole of the UK.

We currently provide advice to over 700+ active clients, and total funds under influence (FUI) are in excess of £500 million (as at 31st August 2017). Since the introduction of the periodical payment regime under the Courts Act 2005, we are instructed annually to provide around 150+ Expert Witness Reports on the viability of periodical payments. We also implement around 400+ Personal Injury Trusts per year, thus helping personal injury claimants to maintain their entitlement to means-­tested state support.

The directors at Nestor also have a good understanding of the intricacies of Local Authority Provision, State Benefits and the Court of Protection and Office of the Public Guardian, and act for over 120 Deputies under the Mental Capacity Act 2007. Our deposit cash management service looks after around £100 million in a range of deposit instruments. Our average sized investment portfolio is around £700,000 -­ the bulk of which is made-­up of personal injury damages awards.

Our expertise within personal injury investment and Trustee financial planning, led us towards innovation and specialist product manufacture for this highly specialised area of financial advice. Our core investment strategy proposition is built around a cautious investment approach, and we undertake a significant amount of work for our clients centred on the reduction of volatility within investment portfolios. This culminated in our assisting Seven Investment Management (7IM) to create the UK’s first bespoke investment fund aimed at personal injury claimants -­ ‘The 7IM Personal Injury Fund’, which offers a unique investment approach for this special class of investor.

The 7IM Personal Injury Fund was launched back in October 2009 as being a low-­risk investment product, suitable for personal injury claimants who have recovered personal injury damages awards. Since launch, the fund has grown in size to over £280 million and goes from strength-­to-­strength. The fund, an Open Ended Investment Company (OEIC) is run and managed by 7IM.

Nestor Financial Group provided a response to the March 2017 discount rate consultation. A copy of our response is attached. Click here to read the full document.