Despite attempts by Rothschild to discredit pensioners who allege that hard-selling
IFAs were put in place by the bank, hard evidence is hard to remove.
The second page of Steve’s article proves that not only were both companies well in bed professionally, they were also jointly throwing multitudinous parties where we can only imagine that beer and booze were not in short supply.
At ERVA, we are keen to substantiate any 
allegations we make so, if there is proof that the attached is a fabrication by all means, we will have it removed.
Just one more revealing lie from David Shannon Director – Group Legal & Compliance. Read his letter carefully together with the ad.”Rothschild prese Tailor Made. Marry them together and then ask yourself.
Shannons claim in his letter dated 9 September 2011 to Peter Cosgrove marked Strictly Private & Confidential. (What is private & confidential about this).
1. Shannon claims – Rothschild acted solely as a lender. Does it look like it.
2. Rothschild are regulated by the FSA and come under the jurisdiction of the courts in England & Wales
3. If Credit Select loan is not an “Equity Release” scheme what is it. In their own words in this article by Stephen Dewsnip – Director Rothschild. You can release 5% of the capital. Is that not equity release.
4. Have they not stated in this article that they are working with their agents and giving advice to their joint customers.
5.Have they not colluded together to create this product, as you can see with your own eyes.There would be no Credit Select Loan if Rothschild had not offered a mortgage loan.
6. Rothschild have a duty to be ultra transparent in their dealings. Most people trust the banks to operate in a fair and open way and do not read the contracts from page to page or even the small print, they would probably not understand it if they did.
7. Is Shannon not aware that under English law, in all case like this it is a requirement that Rothschild not only insists that these matters be referred to a solicitor but the indendant solicitor must explain in detail the ramifications of the agreement and get the client of the bank to sign, stating that he understood the risks associated with the product. Do Rothschild have these documents?
Not so long ago three Rothschild Directors sued one of the banks for mis selling as they had invested some £1.2 million in financial products as they were not informed of the high risk. Mr Shannon go and ask these directors if they read the small print, at least they should have understood the product as this was the way they made their bonuses out of less fortunate people. As has been said what you omit to tell your clients is far more impotant that what you do tell them or is hidden away in the contract in mumbo jumbo language.
Looked like a fabulous party though ” black tie and all “. I bet the Champagne was flowing and the tapas were out. Lots of gushing sales people making lots of money. Just a shame that these people were taken in by these sharks and lost everything. From what I read on this site, there is a lot more to come yet, Rothschild will not be able to surpress this one like they have done to so many adversaries in the past. Keep going erva this is better than East Enders.
http://money.uk.msn.com/study-bank-staff-still-mis-selling-1
This link indicates that still the mis selling of financial products goes on. Bank staff have reported that at least 65% of their colleages knowingly mis sell financial products to achieve their targets. As has been reported on this site in the past this is becoming an acceptable culture within the banking world and someone has to put a stop to it. But who! Yes we can bring all these issues to the courts, however the banks have huge sums of shareholders money to play with in the defence of their actions and their aim as always is to try to wear down theiur less fortunate opponents who do not have the money to fight. However in the cases you read on this web site the Equity Release Victims Association have by luck found Lawbird Legal Services Marbella. Antonio Flores the founder and head lawyer has made it his quest to bring about the demise of these banks that have systematically preyed on British pensioners. His main concern though is the bad name that this has given his country (Spain) I have met him on numerous occasions and he has vowed that he will not give up this fight. Antonio is not in it for the money he is in it for justice and has put his entire staff at the disposal of the association. This of course is great news as the Association and our members are able to carry on their fight, we are now playing on a level playing field. Now it is time for the shareholders of Rothschild, Danskebank, Nordea and the rest to question their Directors at their next general meeting and ask why are you spending so much of our money on a lost cause. You know you have mis sold these products. You are so lucky that this is not the USA or the UK because by now you would be dishing out huge amounts of compensation. Who knows, maybe the Spanish authorities will get their act together and follow suit. We at erva and our lawyers are working on it.
I think Rothschild Bank Directors need to have some instructions on how to lie. Don’t they know that the PRACTISE LIAR STICKS TO HIS FIRST STORY. They don’t seem very good at this a s well
http://www.abbl.lu/node/53850#.UMHKwSw_P_E.twitter
ICMA PRIVATE WEALTH MANAGEMENT CHARTER OF QUALITY.
It has just been reported by erva see Activity. Perhaps someone should tell them to sign up to this.
For their information the THREE MAIN PRINCIPLES of paramount importance are:
INTEGRITY – in business relationships – of markets, financial products and services; and of staff.
TRANSPARENCY – towards clients, and regarding the regulatory environment
PROFESSIONALISM – regarding the privacy of clients legitimate interests and efficiency.
Details can be found on the web site if Rothschild care to look. They really do need some coaching in management skills
I think Karen has summed it up in a nutshell. Rothschild are like rats fleeing the sinking ship. Stephen Dewsnip ( ex Director NM Rothschild) the king rat has already vanished up the drain pipe.
Regarding the last comment, read the Activity column for the full story. Forgot to mention this. Oooops!!