Hi all I have seen two of the proposal letters and the 'Compensation' reflects the earlier posts which I dont believe it addresses the situation nor is it intended to. It appears to be loosely based on a figure of 10%. I am certain that it in no way addresses the level of stress this has brought to households. The term compensation means "Something, typically money, awarded to someone in recognition of loss, suffering, or injury" and all 3 and more can apply in each case. There is a redress board to access the fairness or not of the proposed amount and I have to assume that this is what it is at this point a proposed amount. Appeals can be made to its value and that is exactly what the Redress Board is there for. I note on the letters I have reviewed that the Compensation is described as
"To pay each impacted customer an amount of compensation in recognition of the failures by permanent tsb" but there must be discussion on the impact it has had on the customers and an amount reflective of this needs to be factored. I am away for the next couple of days to gather my thoughts but rest assured to all those who have contacted me that we are presently formulating a response to in some way make it applicable across all customers. I will on Tuesday contact Ptsb with a view to meeting with them to address the live issue of impact that now exists and is not addressed to date
Padraic
PS
Many thanks for all the words of support it is appreciated and motivating
"To pay each impacted customer an amount of compensation in recognition of the failures by permanent tsb" but there must be discussion on the impact it has had on the customers and an amount reflective of this needs to be factored. I am away for the next couple of days to gather my thoughts but rest assured to all those who have contacted me that we are presently formulating a response to in some way make it applicable across all customers. I will on Tuesday contact Ptsb with a view to meeting with them to address the live issue of impact that now exists and is not addressed to date
Padraic
PS
Many thanks for all the words of support it is appreciated and motivating