Called the BDO today for an update on our appeal to see what they said. They explained they were very much in the dark on this too had had little/no information from AIB often learning about progress in the media. They did say that there was a letter issuing this week that had an update beyond regular your appeal is on hold we've been getting. I suspect it might just be to confirm what we already know re-implementing the FSPOs discussion.
Sorry Brendan, probably just the way I am adding.Hi mega
I can't see that attachment.
Brendan
Hi,
Would this be the case for someone who has had their mortgage written down by the 12% and is awaiting the interest cheque but is still not satisfied that a tracker mortgage rate of the current rate other tracker customers are on has not been offered to us? Sorry if I am totally mixing this up.
It doesn't seem like a very wise approach by AIB, basically assigning a one size fits all redress to everyone when everyone's appeal could be markedly different.
the appropriate course of action would be to complain to the Bank, the FSPO or the courts.
Way way back when, after the initial €1,615 refund was received, there was the opportunity for those in receipt to make an appeal to the Independent Tracker Panel making a case that you were entitled to a tracker and compensation etc.
Those of us lucky enough to be members of the forum at the time had Brendan basically quarterbacking our appeals giving us wording outlines for us to include in our appeals which we made relevant to ourselves. If you hadn't made your appeal at that time, this might not be relevant to you in terms of communication from BDO, they are separate processes to the FSPO so timelines for appealing to the Panel have long since passed.
Over time, the Tracker Panel dismissed a lot of the appeals without really giving to much thought to the appeals made. In many ways, in the opinions of many, this Panel is discredited because of this.
For reasons unknown, some appeals had not been dismissed by the Tracker Panel, ours included. So now, it is kind of an odd situation in that AIB are rolling out the redress but for some people (I have no idea how many), their appeal to the Tracker Panel is still open. The BDO letter where by the Panel now has referred AIB's action to the CBI on the surface could be significant as it might bring the actions of the Panel into light (being the dismissal of all the other cases), or it also could highlight that AIB has effectively dismissed an independent panel.
It doesn't seem like a very wise approach by AIB, basically assigning a one size fits all redress to everyone when everyone's appeal could be markedly different. Brendan has repeatedly noted Karen's case that won with the FSPO was a vanilla case, some of those who appealed to the panel lost homes, suffered severe stress, etc etc and some people want to take it further be that the Court or the FSPO. AIB dismissing one avenue of appeal could annoy the CBI and possibly strengthen the case some have against AIB. I have absolutely no idea though really, just idle speculation.
It is an interesting tangent that needs to be cleared up..
The Appeals Panel has not been fit for purpose. They just delayed everything.
If someone feels that they should get more compensation, then they can complain directly to AIB.
If AIB rejects it or does not offer enough,then they can go to the Ombudsman or the Court.
This is much better than the Appeals Panel system.
Brendan
An effective considered panel could have cut some of the possible challenges off at the pass
@ Magafan
Per the letter from the independent appeal panel - In short AIB have told the Panel that the FSPO judgement/award supersedes the panel. Anyone unhappy with redress can contact bank/FSPO/Courts - now they are saying they the FSPO payment is outside of the model of the framework??? So am I right in thinking that it now doesn’t supersedes as this payment has nothing go to do with the appeal...
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