December 6, 2012
John Spencer speaks the Post Online warning that extending the Road Traffic Accident (RTA) portal too soon could cause significant problems. Professor Paul Fenn who has been studying the portal's first year of existence concurs, recommending the need for further review.
Initial data revealed that levels of costs were reduced by roughly 3%, speed of settlement increased by 7% and damages agreed fell by 6%. "The size of those effects was more modest than some have claimed they would be," Fenn said.
John Spencer, past-chairman of the Motor Accident Solicitors Society and director of RTA Portal Co, agreed, claiming that it is "almost certainly" too soon to expand the system.
"Whatever your bedrock of belief in the portal's extension, there are significant problems with hitting the implementation date," Spencer said.
Read the full article RTA portal expert warns extension could produce a de facto 'no fault' scheme on the Post Online website.