Disappointment as Scottish discount rate to remain at -0.75%

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The Scottish Government Actuary has decided that the discount rate in Scotland should remain unchanged at -0.75%.

This follows a review of the rate which was completed on 27 September.

In July, the discount rate for England and Wales was set at -0.25%, with insurers reacting with disappointment.

A spokesperson from the Scottish arm of the Forum of Insurance Lawyers (Foil), commented: “The lower Scottish rate means that Scottish claimants will receive higher compensation payments.

“The

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