Member

The draft 2025 regulations use a different process for calculating the compensation, for the sake of simplicity, and this change in formula had the practical consequence of correcting the mistake from the 2024 regulations prior to it being identified. We have identified a solution that ensures that nobody is negatively impacted. IBCA has reached out to claimants today, to both inform and, crucially, reassure them that no one will be worse off as a result of the change in calculation.