Motor insurers braced for Ogden hit

Change to the way compensation payments are calculated could wipe millions off insurers’ profit
Thursday 16 Feb 2017 Author: Tom Sieber
The Government is poised to announce a change in the rate used by courts to work out compensation payments for victims of car accidents. This could have a significant impact on motor insurers and their share prices. Our preferred name in this space, Hastings ( HSTG ) , looks relatively unaffected by the anticipated changes and could even benefit in some respects. WHAT IS THE OGDEN RATE? The Ogden...

Important information:

These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell Youinvest.

Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.

Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.

The Shares team
Disclaimer

Advertising feature

Issue contents

Investment Trusts

The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.