skandia life. brandeaux suspened

rafikiphoto

I'd appreciate an update on this issue too please.

Magooorobino

The Friends Provident international Brandeaux News page last updated July 2012 states, "FPIL Brandeaux Ground Rent Income Fund (j44) Redemptions Update.....Since our last update, FPIL have received another payment from Brandeaux, and the redemption QUEUE has now moved to include requests received up to and including 13th October 2010....."

In 2009 I was Kay Brandeaux and Roger Boyland's Butler /Valet /Chauffeur and worked at their Shenton Hall Jacobean House Shenton England, Belle Fontain property in Geneva, reported cost £26 million, the Chagall house at St Paul de Vence on the French Riviera, their rental Greensleeves Barbados and Lazybones House next to Cobblers Cove Barbados. Nigel Mansell demanded to see Miss Brandeaux in the wake of the suspensions of the Funds, Miss Brandeaux was reluctant to see him, saying "I don't meet with investors as a rule". Nigel Mansell got his meeting. In July of 2009 I flew on a Gulfstream V Netjet to Barbados with Kay and Roger and their 4 poodles, as poodles don't do commercial. In Barbados we arrived at their rental Greensleeves (advertised rate was $10000 dollars a night. The 20 staff were lined up to greet their new masters. On 10th September Kay and Roger returned to Europe leaving me, 4 poodles and the private chef at the Villa, for 34 nights only the Butler and the poodles stayed in Greensleeves. Eva and Hans Rausing own this Villa, so sad to hear about Mrs Rausing's untimely death. When Kay and Roger were in residence they entertained Sir Charles and Lady Ann Williams, Dale Marshall prominent politician and Charles Marshall of Liberty Living PLC, Graham Barber Olswang. I mention these names to be credible as I was the Butler that never was! I overheard in August 2009 Kay and Roger plot against Ruth Chadwick (Brandeaux Advisers UK Limited and Ors 2010 EZHC 3241 (QB), Charles Marshall was on Ruth's side according to Kay. You should all read this High Court case reported in the Irish Independent, 'Covert emails could have collapsed company-Roger Boyland in evidence. Why would a former regulator with the BVI authorities want to protect herself in this way? Kay came down to dinner spiting venom against Martin Barber who had asked Roger for a £1 million loan!! I am the Butler that never was because although I was recruited and interviewed by Kay and Roger in England at Shenton Hall, had all HR dealt with by Chancery St James PLC including my salary cheques sent to my apartment at Shenton Hall, was vetted on the instructions of Liberty Lving Plc, signed a 48 hour opt out for the EU Working Time regulations for employment with Liberty Living plc, the intrepid Judge Swann at Birmingham ET held that their Barrister Mr Meichen instructed by City Lawyers FoxWilliams at a cost of approx £15000 in legal fees while I represented myself, found that I was actually employed by Shenton Properties Limited a company registered in Jersey with a shareholder in the BVI who happened to pick up the tab on the Private Jet Netjets account, and that Kay Brandeaux was a rental tenant of Shenton Hall. Therefore UK Law did not apply! The £15000 is small change compared to the £300,000 it cost to 'get' Ruth Chadwick. I will no doubt be sued for making these comments, but then as the Butler that never was I don't think any court would hold that I have a confidentialty Claus in a contract that was never provided as it had been overlooked. I wish you all well, make what you will of this, I only wanted my 12.5 holiday pay as shown on my Chancery st James PLC personal file obtained under the DPA 1998 subject access following the serving of my P45 on Christmas Eve 2009. Am I bitter yes and if Brandeaux hits the headlines I will be in the wings to speak of Kay and Roger's lifestyle that only a Butler who never was would know!

splitbus19655

Hello I've just come across this post after a Google search I'm really concerned as my parents have money invested in this fund as a j44 brandeaux ground rent income fund .They took the policy out ten years ago and surrendered the policy two years ago and have still not received any money. Can anybody point me in the right direction to help my parents as this is giving them sleepless nights.

Thanks in advance.hope somebody can help me

xylophone

In response to your other thread I suggested the Ombudsman - there really doesn't seem to be any other option?

splitbus19655

xylophone wrote: »

In response to your other thread I suggested the Ombudsman - there really doesn't seem to be any other option?

Thanks I will fill in ombudsman complaint form in

Will keep you updated Thank you

dunstonh

You cannot complain to the ombudsman without first complaining to the firm that gave the advice in the first place and getting their response. All the FOS will do is forward your letter to Friends Life International. They in turn will send it to whoever they think the original agent is or just reject the complaint as not being their responsibility (which it isnt). Also, this product may not be regulated in the UK and its possible that the FOS won't have jurisdiction.

Also, a suspended fund does not make it a mis-sale. As you saw from that other link, the media considered this a low risk fund. If held with other investments as part of a balanced portfolio then it would not likely be considered a failure. If it was 100% into one fund then that would be frowned upon and could be a strong case.

splitbus19655

dunstonh wrote: »

You cannot complain to the ombudsman without first complaining to the firm that gave the advice in the first place and getting their response. All the FOS will do is forward your letter to Friends Life International. They in turn will send it to whoever they think the original agent is or just reject the complaint as not being their responsibility (which it isnt). Also, this product may not be regulated in the UK and its possible that the FOS won't have jurisdiction.

Also, a suspended fund does not make it a mis-sale. As you saw from that other link, the media considered this a low risk fund. If held with other investments as part of a balanced portfolio then it would not likely be considered a failure. If it was 100% into one fund then that would be frowned upon and could be a strong case.

Thanks for this info.I've written a letter asking for an update on the surrender of the policy.as soon as I get reply will post info thanks

sabretoothtigger

Who sold the product or advised to buy it. Probably easier to sue them if anyone.
This is a bit like suing RBS because the shares were rubbish, has to be some fraud I think for them to be liable. But if someone was paid to recommend this fund then that seems closer to a case.
What have they bought in this fund that cannot be sold within 2 years, detroit housing ?

I have dealt with the Oman, total timescale was about 18 months till conclusion and O was dealing with it about 12 months after initial complaint (to the firm not them)

the media considered this a low risk fund.

Ive heard thats a factor. If everyone makes the same mistake, one firm is not really so liable. If this particular firm dealt a wildcard or some kind of advice that doesnt match contemporaries at that time, they are far more likely to held responsible ie. payout

Helps promote funds as stealth trackers, nobody wants to step out from the crowd

splitbus19655

sabretoothtigger wrote: »

Who sold the product or advised to buy it. Probably easier to sue them if anyone.
This is a bit like suing RBS because the shares were rubbish, has to be some fraud I think for them to be liable. But if someone was paid to recommend this fund then that seems closer to a case.
What have they bought in this fund that cannot be sold within 2 years, detroit housing ?

I have dealt with the Oman, total timescale was about 18 months till conclusion and O was dealing with it about 12 months after initial complaint (to the firm not them)


Ive heard thats a factor. If everyone makes the same mistake, one firm is not really so liable. If this particular firm dealt a wildcard or some kind of advice that doesnt match contemporaries at that time, they are far more likely to held responsible ie. payout

Helps promote funds as stealth trackers, nobody wants to step out from the crowd

Thanks for replay

It was a friend of the family who sold the policy to my parent's the risks or the basics of the policy was not explained.They was basically told that if they invested the money for ten years they would get an return of "x" amount. It was somebody they trusted. Reading the policy small print states the family friend got a 600 pound commission for selling them the product. I'm starting to think this is the main reason why my parents was talked into taking this out.

I will put an update when I get some more information back

Thanks once again

Magooorobino

Olswang advised Liberty Living on a comprehensive financing package reportrd on 1st March 2012, HSBC AND RBS have provided a £100 Million 5 year loan, a £100 Million revolving credit facilities and a US private placement of £100 Million.
June 27th 2014 Financial Times reports 'Brandeaux pulls £400 Student Accommodation IPO...

July 1st 2014 Financial Times reports, 'A law firm Regulatory Legal is pushing ahead with legal action after plans to float the investment on the Stock Exchange collapsed last week'.