Where does today's news on expert panel leave the discount rate issue?

It was already the view of many that it was unlikely now that we would hear from the Ministry of Justice with a final conclusion to its on-going review of the discount rate before the General Election in May 2015. Today, news has been released by the MoJ of another step along the journey, but because of the time that will be needed to take that additional step in the process, we surely also now have confirmation that the current 2.5% level of the rate will remain unchanged during the remainder of this parliament.

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This information is intended as a general discussion surrounding the topics covered and is for guidance purposes only. It does not constitute legal advice and should not be regarded as a substitute for taking legal advice. DWF is not responsible for any activity undertaken based on this information.

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Simon Denyer


I am the Strategic Legal Development Partner within the Insurance team.