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Court of Protection

Welcome to our Court of Protection blog featuring updates, guidance and news from the Wrigleys team.

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Lynne Bradey

Email: lynne.bradey@wrigleys.co.uk

Telephone: 0114 267 5584

Position: Partner

The discount rate for personal injury lump sum compensation payments – Announcement by the Lord Chancellor

We are pleased that the Lord Chancellor has announced the discount rate for personal injury lump sum compensation payments.

The discount rate governs the amount of money a client should receive when they are paid compensation now for expenditure that will happen in the future.  That could be to purchase an adapted vehicle or equipment for example.

Under the Damages Act 1996, the Lord Chancellor needs to consider certain factors when deciding what the rate should be.

  • actual returns available to investors;
  • actual investments made by investors of relevant damages;
  • such allowances for tax, inflation and investment management costs as thought appropriate; and
  • wider economic factors.

The rate is now minus 0.25%.

We are very pleased that there is now clarity about this after a long period of uncertainty.  We are also hopeful that clients whose cases have been in limbo during the discount rate consultation and decision will be able to see their cases settled and move on with the next chapter of their lives.

29 May 2020

Government publishes new Covid-19 Job Retention Scheme Directions

Important considerations for employers who have decided to furlough staff

27 May 2020

When will changes to terms because of a TUPE transfer be void?

The key risks of changing terms on a TUPE transfer – even when they are beneficial to the employee.

26 May 2020

Community-led housing: What happens after Covid-19?

Our CLH team held a virtual social in May, the theme of which was what the future holds for the sector, in the aftermath of the Covid-19 epidemic.