ASHE Update – Autumn 2017

The new ASHE dataset was published by the Office for National Statistics on 26 October 2017. For periodical payments agreed or awarded since the Thompstone group of cases, this dataset will dictate the level of claimants’ periodical payments for the next year. The hourly rates applicable to ASHE 6115, the Standard Occupational Codes relevant in […]

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Shedding Light on the New Discount Rate

A Summary of the Discount Rate Repercussions Talk, Discussion and Q&A with Andrew Axon of Park Lane Plowdon and Jennifer Stone of Nestor. The Lord Chancellor’s announcement of a new discount rate of -0.75% on 27 February 2017 sent shockwaves through the personal injury community. To address some of the issues raised, Nestor director Jennifer […]

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Discount Rate Consultation

As expected, the Ministry of Justice published its consultation on the discount rate last week. Titled The Personal Injury Discount Rate – How it Should be Set in the Future, it contains 32 questions over more than 50 pages which require detailed answers, as well as a lengthy questionnaire seeking the respondent’s views on periodical […]

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The Discount Rate – Rumours of the Death of Periodical Payment Orders are Greatly Exaggerated!

Since the announcement of a review, seven years ago no less, news of the Lord Chancellor’s decision to dramatically reduce the 2.5% discount rate down to -0.75%, still came as a surprise to many involved in personal injury litigation. Finally, we have a decision based upon the economic realities of investing damages in low/no-risk investments, […]

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