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Published by The Scottish Parliamentary Corporate Body
Stage 1 Report on Damages (Investment Returns and Periodical Payments) (Scotland) Bill
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Published: Monday 03 Dec 2018 (EEFW052018R10Rev)
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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
Sources
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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
Last Updated: 27/7 5:05am
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