Stage 1 Report on Damages (Investment Returns and Periodical Payments) (Scotland) Bill

PDF Published: Monday 03 Dec 2018 (EEFW052018R10Rev)

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Report
- Introduction
  - Background to the Bill
  - Overview of the Bill
- Consideration by other Committees
- Committee consideration
- Discount rate
  - How the Discount Rate should be calculated
    
    Hypothetical Investor
    
    30-Year Period
    
    “Further margin” adjustment
    
    Assumed Period of Investment
    
    Notional Portfolio
- Risk-free approach
  - Adjustments
  - Tax and Financial Advice
- Political Accountability
  - UK Government Actuary
  - Review Period
- Periodical Payment Orders (PPOs)
  - Use of PPOs
  - Variation of PPOs
- General principles of the Bill
- Annex A - Extracts from the minutes
- Annex B - Written evidence
- Annex C - Glossary
- Introduction
- Consideration by other Committees
- Committee consideration
- Discount rate
- Risk-free approach
- Political Accountability
- Periodical Payment Orders (PPOs)
- General principles of the Bill
- Annex A - Extracts from the minutes
- Annex B - Written evidence
- Annex C - Glossary
Sources

Scottish Government. (2018, June 14). Policy Memorandum. Retrieved from http://www.parliament.scot/S5_Bills/Damages%20(Investment%20Returns%20and%20Periodical%20Payments)%20(Scotland)%20Bill/SPBill35PMS052018.pdf

Economy, Energy and Fair Work Committee 30 October 2018 [Draft], James Dalton (Association of British Insurers), contrib. 3, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11744&c=2122138

Economy, Energy and Fair Work Committee 06 November 2018 [Draft], Ash Denham, contrib. 13, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11768&c=2126033

Personal Financial Planning Ltd. (2018, October 29). No title Retrieved from http://www.parliament.scot/S5_EconomyJobsFairWork/20181029-Personal_Financial_Planning_Ltd.pdf

Pannells Financial Planning Ltd. (2018, October 31). No title Retrieved from http://www.parliament.scot/S5_EconomyJobsFairWork/20181031-PannellsFinancialPlanning.pdf

Association of British Insurers. (2018, November 23). Letter from ABI. Retrieved from http://www.parliament.scot/S5_EconomyJobsFairWork/Inquiries/20181123-Association_British_Insurers.pdf

Economy, Energy and Fair Work Committee 06 November 2018 [Draft], Ash Denham, contrib. 25, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11768&c=2126045

Economy, Energy and Fair Work Committee 06 November 2018 [Draft], Jill Clark, contrib. 28, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11768&c=2126048

Scottish Government. (2018, November 22). Supplementary Evidence. Retrieved from http://www.scottish.parliament.uk/S5_EconomyJobsFairWork/Inquiries/20181122-Scottish_Government-Supplementary.pdf

Scottish Government. (2018, June 14). Damages (Investment Returns and Periodical Payments)](Scotland) Bill - Policy Memorandum. Retrieved from http://www.parliament.scot/S5_Bills/Damages%20(Investment%20Returns%20and%20Periodical%20Payments)%20(Scotland)%20Bill/SPBill35PMS052018.pdf

Association of British Insurers. (2018, September 7). Written Submission. Retrieved from http://www.scottish.parliament.uk/S5_EconomyJobsFairWork/Inquiries/EEFW-S5-18-DIRPP-22-ABI.pdf

Economy, Energy and Fair Work Committee 06 November 2018 [Draft], Ash Denham, contrib. 18, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11768&c=2126038

Economy, Energy and Fair Work Committee 30 October 2018 [Draft], James Dalton, contrib. 16, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11744&c=2122151

Government Actuary’s Department. (2018) Scottish Government - Personal Injury Discount Rate Analysis.. (2018, September 5). Retrieved from https://www2.gov.scot/Topics/Justice/law/damages/damagesetc/GAD-discount-rate-analysis-05-09-2018

The Government Actuary’s Department. (2018, September 5). "Personal Injury Discount Rate Analysis" for the Scottish Government. Retrieved from https://www2.gov.scot/Resource/0054/00540068.pdf

Economy, Energy and Fair Work Committee 06 November 2018 [Draft], Ash Denham, contrib. 9, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11768&c=2126029

Professor Victoria Wass. (2018, September 7). Written Submission. Retrieved from http://www.parliament.scot/S5_EconomyJobsFairWork/Inquiries/EEFW-S5-18-DIRPP-05-ProfVictoriaWass.pdf

Institute and Faculty of Actuaries. (2018, September 7). Written Submission. Retrieved from http://www.parliament.scot/S5_EconomyJobsFairWork/Inquiries/EEFW-S5-18-DIRPP-21-IFoA.pdf

Economy, Energy and Fair Work Committee 23 October 2018 [Draft], Professor Wass, contrib. 85, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11727&c=2120082

Personal Financial Planning Ltd. (2018, October 29). Written Submission. Retrieved from http://www.parliament.scot/S5_EconomyJobsFairWork/20181029-Personal_Financial_Planning_Ltd.pdf

Pannells Financial Planning Ltd. (n.d.) Written Submission. Retrieved from http://www.parliament.scot/S5_EconomyJobsFairWork/20181031-PannellsFinancialPlanning.pdf [accessed 31 October 2018]

Economy, Energy and Fair Work Committee 06 November 2018 [Draft], Ash Denham, contrib. 15, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11768&c=2126035

Economy, Energy and Fair Work Committee 06 November 2018 [Draft], Ash Denham, contrib. 47, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11768&c=2126067

Economy, Energy and Fair Work Committee 06 November 2018 [Draft], Jill Clark, contrib. 51, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11768&c=2126071

Economy, Energy and Fair Work Committee 06 November 2018 [Draft], Scott Matheson, contrib. 70, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11768&c=2126090

Economy, Energy and Fair Work Committee 30 October 2018 [Draft], Kate Donachie, contrib. 41, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11744&c=2122176

Thompsons Solicitors. (2018, September 7). Written Submission. Retrieved from http://www.scottish.parliament.uk/S5_EconomyJobsFairWork/Inquiries/EJFW-S5-18-DIRPP25_-_Thompsons_Solicitors.pdf

Economy, Energy and Fair Work Committee 30 October 2018 [Draft], Alan Rogerson, contrib. 40, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11744&c=2122175

Economy, Energy and Fair Work Committee 06 November 2018 [Draft], Ash Denham, contrib. 80, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11768&c=2126100

Economy, Energy and Fair Work Committee 23 October 2018 [Draft], Simon Di Rollo, contrib. 147, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11727&c=2120144

Economy, Energy and Fair Work Committee 23 October 2018 [Draft], Gordon Dalyell, contrib. 138, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11727&c=2120135

Economy, Energy and Fair Work Committee 30 October 2018 [Draft], James Dalton, contrib. 86, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11744&c=2122221

Economy, Energy and Fair Work Committee 23 October 2018 [Draft], Patrick McGuire, contrib. 157, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11727&c=2120154

Economy, Energy and Fair Work Committee 30 October 2018 [Draft], Kate Donachie, contrib. 33, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11744&c=2122168

Allianz. (2018, September 7). Written Submission. Retrieved from http://www.scottish.parliament.uk/S5_EconomyJobsFairWork/Inquiries/EEFW-S5-18-DIRPP-12-Allianz.pdf

Medical Protection Society. (2018, September 7). Written Submission. Retrieved from http://www.scottish.parliament.uk/S5_EconomyJobsFairWork/Inquiries/EEFW-S5-18-DIRPP-13-MedicalProtectionSociety.pdf

Professor Victoria Wass. (2018, September 7). Written Submission. Retrieved from http://www.scottish.parliament.uk/S5_EconomyJobsFairWork/Inquiries/EEFW-S5-18-DIRPP-05-ProfVictoriaWass.pdf

Economy, Energy and Fair Work Committee 06 November 2018 [Draft], Ash Denham, contrib. 85, http://www.scottish.parliament.uk/parliamentarybusiness/report.aspx?r=11768&c=2126105

BTO Solicitors LLP. (2018, September 7). Written Submission. Retrieved from http://www.scottish.parliament.uk/S5_EconomyJobsFairWork/Inquiries/EEFW-S5-18-DIRPP-15-BTO.pdf

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