LGA Response to Consultation on The Personal Injury Discount Rate : How it should be set in future

The LGA accepts that the aim of the personal injury discount rate is to be fair to an injured party receiving damages. As such the LGA does not have views on most of the technical aspects of the consultation as to how this can be best achieved.


General points:

The LGA accepts that the aim of the personal injury discount rate is to be fair to an injured party receiving damages. As such the LGA does not have views on most of the technical aspects of the consultation as to how this can be best achieved; the LGA also understands that the impact on the insured party will not be taken into account in setting a fair rate. Therefore we will not be commenting on any of the detailed questions in the consultation with the sole exception of question 32.

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