I must declare an inter- est as I have also done some work for the Holiday Property Bond over the years. The investment is much better value than timeshares and now has over 35,000 investors, more than 1,000 holiday properties and around 200m under management.I have enjoyed many good holidays, particularly in France and Italy, but there are also many high-quality UK properties and others around Europe and further overseas. An extraordinary thing about this innovative product is that the satisfaction level of bondholders in a recent poll was 97 per cent and, furthermore, over 48 per cent have invested more in the bond after having been on holiday. Annual encashments have averaged less than 1 per cent of the fund. Fairly recently, the Holiday Property Bond entered the IFA market and details can be found at www.hpb-ifa.co.uk. It is now looking for link-ups with IFA networks, build- ing societies and insur- ance companies. In my opinion, the main reasons for its success are the high quality of the holiday properties, the locations and the first-class management, led by the energetic managing director, Geoffrey Baber, and his team. Some of the properties I particularly like are old buildings which have been tastefully renovated. Good examples of this are Manoir de Hilguy in Brittany and converted villages in the Dordogne and Tuscany. New developments such as La Gomera in the Canary Islands are also first class. It must be remembered that the bond is an investment in holidays rather than a pure monetary investment although the bond should rise in value in the longer term.
Berrington’s medical prop- erty fund is on track to build five NHS primary care centres this year, including retail and pharmacy units alongside GP consulting rooms. The fund has accrued 140m since its launch in November 2003 and is due to spend 120m this year on the construction of the brand new primary care centres […]
F&C Asset Management has recruited Jonathan Mann as director, emerging debt.Mann joins from Standard Asset Management, which is a division of Standard Bank.He will report to Helene Williamson who is head of emerging debt.Mann has worked for CRU International and GT Asset Management (now Invesco Perpetual), joining Standard Asset Management in 2004 where he has […]
FSA chairman has attacked the EU for its handling of the markets in financial instruments directive at the FSA conference last week. He branded the EU irresponsible for failing to conduct a cost benefit review before issuing the directive and said it was far from clear that the benefits to the UK would outweigh the […]
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Jelf Employee Benefits has released a guide to help employers communicate the recent raft of pension legislation to staff. ‘Your Guide to Pension Freedom’ will help employers meet their duty of care in explaining the changes to employees and in turn will help employees take more control over their pensions and retirement decisions.
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