Blog - The Verdict
MSB Solicitors Liverpool
MSB Blog - The Verdict
You’re probably fed up of receiving cold calls informing you about your mis sold PPI.  It’s impossible to escape the frenzy and this is the reason why many people haven’t even checked to see if they are entitled to make a claim.
The Financial Ombudsman Service estimates that £50bn of PPI policies were sold over the last 10 – 15 years.  The approximate bill to the banks so far is £22bn which suggests that there is still a long way to go in this compensation process.
Since 2011, the estimated average monthly payout by the banks is £390m.  In 2014 alone, the average monthly payout is £440m.  So, whilst many of you might think (and even hope) that the scandal is coming to an end, think again. 
Published in The Verdict

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