Wednesday July 15, 2020

AIB told to pay extra €300m over tracker scandal

Announcement of additional claims will unsettle a sector that has tried to draw a line under the episode

Ian Guider

Markets Editor

4th February, 2020
AIB said it “recognises that there is a range of possible outcomes” following the ombudsman’s preliminary ruling

The tracker mortgage scandal has been reignited after the financial ombudsman told AIB to pay compensation to additional customers.

The bank said today that the Financial Services and Pensions Ombudsman had recently issued a preliminary ruling requiring it to offer redress to customers who may have had the option of going onto a tracker mortgage but were not informed of this.

AIB has previously said that it had withdrawn these mortgages. It has argued that...

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