Following the Lord Chancellor's decision to set the personal injury discount rate at -0.25%, RSA has issued the following response:
“Frustratingly, this outcome fails to solve many of the problems that the review set out to address. RSA is fully committed to fairly compensating and supporting claimants who have suffered serious injuries, but movement from -0.75 to -0.25 still reflects an unduly pessimistic view of investment outcomes, and risks continuing to drive premium increases and costs to the taxpayer.”
Stephen Hester, RSA Group Chief Executive.
Senior external relations manager