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I can't see any reason why there shouldn't be two discount rates; one to apply to professionally managed funds (as in deputyship), and one where the claimant is fending for themselves. You will not find a single deputy out there managing significant funds arising from PI/clin neg litigation and who isn't seeing growth on investments such that even the old discount rate seemed remarkably generous to claimants.

There has to be some recognition that there are many cases out there which do not involve the moderately cautious lay investor for whom the discount rate was created.