Podcast Location:
Download it here [file size: 34.7 MB]
Categories:
Personal Injury
Remedies & Enforcement
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast is aimed at those practitioners involved in PI work or medical negligence disputes. It focuses on how the periodical payment has developed and the benefits and drawbacks of using indices as a means to predict the future likely cost of care.

Outcomes:
After completing the course you will:
  • Understand the background to the development of periodical payments as a means to compensate victims of catastrophic personal injury;
  • Understand the role of the Ogden tables in calculating future loss using multipliers and discount rates (and how such rates are arrived at);
  • Be aware of the difficulties in devising a compensation mechanism that keeps pace with the cost of living and cost of care over a long period of time;
  • Understand the basis on which periodical payments might be indexed.
Level:
General Interest Difficulty: 2 of 5
Classification:
Legal Principles
Sources and References:
  • Wells v Wells [1996] EWCA Civ 784;
  • Ogden Tables (7th Edition);
  • Damages Act 1996;
  • Thompstone v Tameside & Glossop Acute Services NHS Trust [2008] 2 All E.R. 537.
Tags:

This podcast is concerned with the history of the periodical payment in cases as a means to compensate victims of catastrophic personal injury and the conceptual and practical difficulties that have arisen in attempting to find a mechanism that keeps pace with the likely future cost of caring for such individuals.

Podcast added: 09/02/12

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