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"Recent stock market corrections and ultimately low interest rates still meant that making a consistent return above inflation through a Claimant's lifetime will be incredibly difficult."

I'm really not sure that many deputies or investment advisors would agree with that. I don't detect this fear among my colleagues. The investment market will always fluctuate, however taking the long view means listening to deputies when they report on the capital growth they have achieved for their clients over many years, which growth continues, shows no sign of abating, and which is patently not reflected by the current, or indeed the previous discount rate.

I should say that I'm not approaching this from a claimant or a defendant perspective. My aim is not to produce the biggest number on a schedule, nor the lowest number on a counter schedule. I'm just sending a view from the trenches about what actually happens in the years and decades after the litigators and the insurers have left the field.