Annuities Purchased Where Certain Claims or Actions are Settled

Part of New clause 13 – in the House of Commons at 4:20 pm on 3rd April 1995.

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(7) The amounts of the periodical payments (which need not be at a uniform rate or payable at uniform intervals) may be—

  1. (a) specified in the agreement, with or without provision for increases of specified amounts or percentages,
  2. (b) subject to adjustment in a specified manner so as to preserve their real value, or
  3. (c) partly specified as mentioned in paragraph (a) and partly subject to adjustment as mentioned in paragraph (b) above.