The bill passed all stages in Parliament and has received Royal Assent. The scheme is to be created to compensate victims who cannot trace their insurer. The scheme will be funded by an industry-wide levy on current employers liability insurance providers.
Under the scheme Mesothelioma sufferers will receive 75% of the compensation amount they would have received had the matter gone to Court. This has been widely criticised by solicitors who represent victims who state they are being penalised by losing a quarter of what is a fair settlement, and therefore, is not the justice they deserve. Additionally, the scheme will only provide compensation to victims diagnosed after July 2012, and therefore, ignores thousands of victims.
Generally however, this is considered a step in the right direction.