Decision ID: 001219

In March 2001 the 1971 Fund Administrative Council decided, on the basis of the claims pending in the courts and settled claims, which showed that the 1971 Fund’s exposure stood at £107 million, to increase the level of the Fund’s payments to 40% of the loss or damage actually suffered by each claimant. The Council also authorised the Director to increase the level to 70% if the Fund’s exposure fell below £67 million and to between 40% and 70% if and to the extent that actions withdrawn from the courts would allow it.