Important Notice Ogden Discount Rate
5th July 2017
You may have seen the recent media articles outlining the changes on the Ogden Discount Rate.
The Burley Group, thought it would be good to outline how this can affect you. What Is The Ogden Discount Rate (ODR)? The ODR is used in the calculation of personal injury claims to take into consideration the investment income that a claim settlement may attract over a period of time. This is particularly relevant to claims involving severely injured people where provision needs to be made for long term care costs and loss of earnings. What Has Changed? It has recently been announced by the UK Government that the Ogden Discount Rate (ODR) is being reduced from 2.5% to -0.75%. Click here to read more
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