I am also one of the 1800 staff who lost their tracker by switching to the staff variable rate in 2006. I took my case to FSO and won it. BOI appealed the decision , but before the case was heard in the High Court, FSO contacted me to state that they were not proceeding with it. Instead, they were going to review my case again with a new team of investigators . 18 months later Bill Prafiska advised me that I had lost my case and ruled against me ! Needless to remark, I was devastated. I was awarded 1000 euro which would not cover the amount of extra money I pay every month on the variable rate. Why would FSO rule against their own Head of Legal Services who found in my favour? It is impossible to get any information from BOI regarding the review , I have heard of only one case where a customer has got their tracker returned. I suggest you write to Deloitte who are signing off on the review, also to Central Bank expressing your disquiet at lack of information given to customers. At this stage of review, the bank must have a pretty good idea as to the number of customers they have to return to trackers.
I don't like the sound of this.
1. The FSO finds in your favour, offering you back your tracker?
2. BOI appeal the decision.
3. FSO give in without going to the high court.
I thought the FSO decision was final and the only way to appeal it was to go through the high court. Now they can't have it every way. If I wanted to appeal the FSO's decision you can be sure I'd be made go to the high court. How was it so easy for BOI to get the decision in your favour squashed.