The Ogden Discount Rate & Future Loss - An Update with Nicky Carter

Introduction

Under the Civil Liability Act 2018 the personal injury discount rate will be reviewed within a five-year period from 2019 with future reviews advised by an expert panel and required within five years of the last.

This webinar will update you on the latest approaches to calculating future losses with the current rate and examine the impact of the pandemic on court approaches to future losses with tips on how to maximise recovery for your clients.

What You Will Learn

This webinar will cover the following:

• Methods of calculating future losses
• The multiplier/multiplicand approach
• A Blamire award (Blamire v South Cumbria Health Authority)
• A Smith v Manchester award (Smith v Manchester Corporation)
• Post COVID-19 calculations
• Uncertainty - furloughs
• Lump sum approaches
• Smith v Manchester calculations
• Split multipliers
• Reduction factors
• Settlements
• Future losses
• Changes to the discount rate - NI

This webinar was recorded on 3rd November 2022