Ogden 8 – A reduction in multipliers and other important points to note

The eighth edition of the Ogden Tables was published on Friday 17 July 2020. This latest edition provides a new set of tables, and explanatory notes, to guide and inform the approach to the valuation of lump sum awards for future losses. Unlike in previous additions, there is now a short section of the explanatory notes addressing text dealing with periodical payments.

The main headline change for those dealing with high value claims is a reduction in the level of multipliers as a result of a slowdown in life expectancy improvement compared with the assumptions that were adopted when the seventh edition was produced. A change to those figures was anticipated in BLM’s previous blog in November 2019, a copy of which can be accessed here. 

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