PPI scandal- What next for the millionaires who have spent a decade chasing claims?
Industry News | 05/09/19
The PPI mis-selling scandal has produced welcome windfalls for the millions of consumers who have submitted claims – and made multimillionaires out of the individuals who set up the biggest claims firms.
John Cronin, a banks analyst at Goodbody, describes these compensation shops as “any lender or insurers’ nightmare” because they often “hire people who’ve written the loans or issued the policies in question, so they know where the gremlins are”.Some of the most successful claims outfits have just one or two shareholders raking in the profits.
SOURCE: The Telegraph
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