Further Information
HOW THE HOLIDAY PROPERTY BOND WORKS - and how to
make it work for you
The Bond is a life assurance bond investing, after initial charges, in
properties and securities. Properties are booked for a no profit ‘user
charge’ and Points issued with the Bond. There is a quarterly fee of around
twenty-five pounds including VAT linked to RPI, with all other management
fees paid from securities. Investment is from £4,000. Encashment may be made
under the terms of the 'Holiday Satisfaction Guaranteed' offer. Otherwise
you may encash after two years at a value linked to that of the properties
and securities but you may not see a profit and may incur a loss because of
initial charges and fluctuations in asset values. In exceptional
circumstances encashment may be deferred for up to twelve months. No medical
examination required.
As a Holiday Property Bondholder, your interests are further protected
by:
HSBC Trustee (Guernsey) Limited - to whom all cheques are made payable, and
who control all the fund's assets.
Financial Services Regulation - In the sale of Holiday Property Bond we are
authorised and regulated by the Financial Services Authority. We and our
representatives have to comply with all prevailing consumer protection
legislation and the highest professional standards.
The Holiday Property Bondholders' Committee - a democratically elected
'watchdog', which oversees the manager's activities, from location selection
to resolution of holiday complaints.
A 30 day 'cooling off period' - your right to change your mind without
penalty, as required by law.
Unique holiday satisfaction guaranteed offer
The people behind the Bond
This advertisement is issued by HPB Management Limited (‘HPBM’) of HPB
House, Newmarket, Suffolk CB8 8EH. HPBM are authorised and regulated by the
Financial Services Authority and are the main UK agent for Holiday Property
Bond (‘HPB’), issued by HPB Assurance Limited (‘HPBA’) registered in the
Isle of Man and authorised by the Insurance and Pensions Authority there.
Holders of policies issued by the company will not be protected by the
Financial Services Compensation Scheme if the company becomes unable to meet
its liabilities to them but Isle of Man compensation arrangements apply to
new policies.
The Trustee of HPB is HSBC Trustee (Guernsey) Limited registered at Park
Place, Park Street, St Peter Port, Guernsey GY1 1EE. The Securities Manager
is Morgan Stanley & Co. International Limited registered at 25 Cabot Square,
Canary Wharf, London E14 4QA. The Property Manager is HPB Management
(International) Limited (‘HPBMI’) registered at Ground Floor, Neptune House,
Marina Bay, PO Box 67, Gibraltar.
HPBM, HPBA and HPBMI are part of the HPB Marketing Group and are not
independent of each other. HPBM is able to advise only on HPBA's products.
HPB Management Ltd. Registered in England, No.1581593. Registered Office HPB
House, Newmarket, Suffolk, CB8 8EH.
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