An Alternative View of Duxbury

DEBBIE PHILLPOTTS DipPFS CFP Senior Financial Planning Consultant Arbuthnot Latham & Co Ltd and SIMON BRUCE Partner Farrer & Co LLP

'As has been said more than once the only thing one can be sure about Duxbury is that the figure is likely to be too high or too low. It remains however a useful guide'. (Wall LJ (Fielden v Cunliffe [2006] 1 FLR 745)).

2006 may be recent history chronologically but it seems an aeon ago in economic history. If Duxbury was no more than a useful guide then where does it stand today? Does it still have any credibility or if there ever were any certainties can we still rely on them today? Perhaps it is time for a re-think. I am a financial adviser and my work often revolves around using economic forecasting to fulfil absolute requirements. I am therefore particularly interested in the theory behind the Duxbury tables and specifically the relationship between the theoretical calculation of a capitalised sum for income and the practical issues in reversing that calculation ie realising...

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