FOIL (Forum of Insurance Lawyers) welcomes the announcement today from David Gauke, the Lord Chancellor, that the first review of the Discount Rate under the Civil Liability Act will start immediately and a decision will be made by 5 August 2019 at the latest. 

FOIL has provided evidence in respect of the setting of the Discount Rate to the Ministry of Justice and all parties agree that 100% compensation needs to be paid to severely injured Claimants.  However,...

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