Mark McNeill
Registered User
- Messages
- 1
Hi folks
Sorry for the radio silence on this topic. There were two good reasons for it.
The Ombudsman issued their preliminary decision on 17th January
- The Ombudsman had insisted to both AIB and to us that the process was confidential until the deadline for AIB to appeal the decision had passed
- We were winning this war and we did not want to do anything which might provoke AIB into appealing the decision to the High Court
AIB made their stock market announcement on 4 February
The Ombudsman confirmed their preliminary decision on 12 March
Both sides had 35 days to appeal the decision to the High Court
We indicated immediately that we were not appealing the decision
AIB paid the redress to Karen on Day 35.
They issued this statement on their website yesterday afternoon:
In early February we announced that we had made an additional provision, primarily in relation to an FSPO decision on an individual case relating to a tracker complaint which was then at a preliminary stage. This case is now concluded with the FSPO. While this case involved a number of complex issues the Bank has decided to accept the finding in full, and to apply the finding to other customers within the same cohort. Customers do not need to take any action and will receive a letter and their payments in July and August.
Hello there, just logged on for first time after seeing article online about redress. Im with AIB, in july 17 i got notifications id be back on tracker which I was, I received refund of interest paid and had my morgage reduced to what it should have been. However I received 1615 euro plus a little for appeals if wished to do so. Am I correct in thinking that the 1615 euro compensation is to be increased???