Pension Loss Claims - The Key Issues for Personal Injury Lawyers

Introduction

Pension loss remains a complex area with aspects of the relevant legislation changing nearly every year. All too often the quantification of pension losses is left until the last moment due to a lack of confidence in dealing with pensions and an understandable reluctance to incur the costs of an external expert.

It is however important to include a quantification of pension losses (however ‘broad brush’) as early as possible in the valuation of a claim to consider the strategy for negotiations and the subsequent instruction of an appropriate expert if the matter does not settle.

This webinar is intended for anyone who prepares (or reviews) schedules of loss for claimants in personal injury (PI) claims.

What You Will Learn

This webinar will cover the following:

• Brief overview of current legislation relating to pensions as applicable to PI claims
• How a pension loss arises for different classes of claimant (not yet employed, employed, self-employed, or retired)
• The two forms a pension scheme can take and how to identify them
• The documentation required when looking at pension losses
• The approach to calculating a loss of pension for each form of pension scheme
• The application of these approaches to the different classes of claimant
• How to calculate a ‘broad brush’ multiplicand for future pension losses
• Multipliers and discounts for other contingencies applicable to pension losses
• Examples of wordings for pension loss claims within the schedule of loss
• Avoiding the common pitfalls when looking at pension losses
• The key factors when considering whether the cost of an external expert is justified

This webinar was recorded on 24th November 2022