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Risk perspectives - Get rid of our compensation culture

An unwelcome 'cultural exchange' has been taking place between the US and the UK in recent years - a...

An unwelcome 'cultural exchange' has been taking place between the US and the UK in recent years - and, according to recent reports, it costs everyone in the UK £175 per year.

Compensation culture, the 'blame and claim' mindset aided by 'no-win,no-fee' legal agencies and ambulance-chasing lawyers in the US, has crossed the Atlantic and grown apace in the UK.

A study by the Institute of Actuaries published in the Daily Mail in December provided ample evidence and cause for concern. Britain's own

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