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Lump sum compensation payments are only a best guess at what a pursuer's future needs might be
For example, the courts use actuarial tables to calculate life expectancy for the purpose of compensation awards.
The Children's Hearings System, which was created following the recommendations of the Kilbrandon Report in 1964, puts the needs and the best interests of the child at the centre of decision-making.
To determine what 'support' may comprise of, how it is best delivered and, as far as possible, the associated resource implications, the Working Group recommends that a demonstration project is undertaken.
It is likely that any suggestions the OECD makes on best practice for administrations will involve some degree of ring-fencing, but other options exist, as shown with the international examples we set out.
Conclusions
The Committee has significant concerns in relation to the costings within this Financial Memorandum, which it considers does not provide best estimates of the costs the Bill gives rise to.
Committee reports
Date published:
20 December 2020