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The Actuary The magazine of the Institute & Faculty of Actuaries

Social Policy Board news: Damages Working Party

Members of the working party met officials from the Department of Constitutional Affairs (DCA) in June to discuss the implementation of the 2003 Courts Act with its provisions for periodic payments. The meeting discussed actuarial approaches to determining the level and structure of periodic payments and how such approaches fit within the framework of DCA thinking on such awards. The working party is meeting in September to consider holding a conference for members of the profession, court officials, lawyers, and judges on the contribution of financial expertise in advising on periodic payments.