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Protecting the financial awards of clients is a key role of a deputy, and one of the hardest, says Eddie Fardell

8 October 2012

One of the many issues that a financial deputy has to deal with is the investment of the client’s funds. This is always a tricky business. And is even more so in high-value damages cases which we principally handle.

Most of the deputyship cases we act in are settled on the basis of a periodical payments order plus a lump sum. Speaking as a deputy, I love periodical payments. Apart from the fact that they obviously last for the client’s lifetime, are tax free and are index-linked, there is also the important factor that they take away investment risk.

This has always been the case but it is even more important in these times of very low interest rates and financial uncertainty.

Artificial high

Having said this, we still have cases which are, for one reason or another, settled on a lump-sum b...

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