As a result of a review of its card insurance policies AIB found that customers may have been provided with insufficient information when they purchased a credit card insurance product. AIB discovered that a Cardif Pinnacle card protection insurance product offered to customers in their AIB credit card application was not required, as customers were already covered for amounts greater than €75 under the terms and conditions of their credit card. The Central Bank has confirmed that it has been engaging with AIB regarding the establishment of a voluntary redress scheme for consumers who purchased card protection insurance from Pinnacle Insurance plc (Cardif Pinnacle) through AIB. Impacted customers will be contacted shortly by AIB, provided with an explanation of the issue and details of how to claim.