The Discount Rate is about to change… again; so what’s been going on?
Back in February then Lord Chancellor, Elizabeth Truss, reduced the discount rate from 2.5% to 0.75%. This was the first change in the discount rate since December 2001. This changed caused up-roar amongst the large insurance companies. Huw Evans, Director General of the Association of British Insurers, called the move a “crazy decision.” Mr Evans…