As you know, we love a good infographic here at Financial Reform! And having followed the Payment Protection Insurance (PPI) scandal closely, we’re delighted that someone has finally taken the time and effort to produce a visually pleasing yet informative infographic about the controversial subject!
It’s no surprise, looking at those numbers, that PPI mis-selling was such common practice within all branches of all banks across the country… 87% commission paid to financial advisers for selling the policy – WOW!! But they’re now paying the price as it’s estimated the the total refund bill will be approx. £25billion… making it the biggest compensation scheme ever in the UK.
More information about the facts and figures behind this infographic can be found on the PPI Claims Company website.