Weekender Alicante South Issue 118

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2 FRIDAY 22ND NOVEMBER 2019 www.weekender.news 7 DAY FORECAST Please be aware, due to micro climates, forecast may change. Forecast is accurate at time of print. FRI SAT SUN MON TUES WED THURS 22nd Nov 23rd Nov 24th Nov 25th Nov 26th Nov 27th Nov 28th Nov 16ºC 15ºC 18ºC 21ºC 21ºC 20ºC 20ºC 11ºC 10ºC 11ºC 11ºC 11ºC 10ºC 11ºC General Enquiries info@weekender.news Text / WhatsApp: +34 6022 99 523 Read The Weekender Online www.weekender.news/read News & Editorial newsdesk@weekender.news Send Us your news and letters, we welcome all submissions. Letters and news are printed at the editors’ discretion. Please include your full name for ‘By Line Credit’, credit cannot be given if not provided. If you do not want your name in print please state this clearly Sales & Advertising Sales@weekender.news Office - 966 580 636 Sales Direct - 602 296 180 Deadline for advertisers, advert changes & article submissions is Tuesday, midday for Friday distribution. @TheWeekenderEs @TheWeekenderSpain The Weekender (Registered Trademark Pending) Editor-In-Chief Marco Baiardo - Y1153737-W. Deposito Legal - A375-2017. C/Castellion 5 Benidorm, 03500. The Weekender Newspaper, its publishers, members of staff and its agents do not accept responsibility for claims by advertisers nor can it be held responsible for any errors in advertisements which are reproduced from poor artwork, lowquality electronic data or inadequate instructions for text or other layout features. Further, no responsibility is accepted for any loss or damage caused by an error, inaccuracy or non-appearance of any advertisement, although all advertisements produced are checked prior to insertion. We regret that we cannot accept responsibility for more than ONE incorrect insertion and that no republication will be granted in the case of typographical or minor changes which do not affect the value of the advertisement. E&OE. No part of this newspaper may be reproduced without prior written consent of the publishers. The Weekender Newspaper is printed by SILSA SERVICIOS DE IMPRESIÓN DE LEVANTE S.A. GRUPO Z Ryanair rapped by Alex Trelinski A SPANISH court ruled on Wednesday that low cost carrier Ryanair’s policy of charging an extra fee for hand luggage was “abusive” and could no longer be levied in Spain. The ruling stemmed from a passenger complaint over the policy which charges most people an additional fee for bringing anything more than one personal item into the cabin. The passenger, travelling from Madrid to Brussels, went to court after airline staff forced her to pay 20 euros to bring her 10 kilo luggage on board. The court ordered Ryanair to refund her the 20 euros plus interest, but rejected her demand for compensation of a further 10 euros for the suffering she experienced, according to court documents. The judge ruled that the hand luggage, by size and weight, could be easily carried in the cabin, pointing to a Spanish regulation that allows passengers to take hand luggage on board at no additional cost. The judge characterised the charge as abusive, adding that it “curtailed the rights that the passenger has recognised by law”, and declared it invalid in Spain. New race- track gets off the blocks by Simon Russell AFTER a failed first attempt, Denia’s proposed new athletics track project has successfully gone to tender. Mondo Iberica SA were the winning bidders for the €750,000 project after the first bidding process was abandoned in May after protests from some of those firms taking part. The existing track has long been in a poor state of repair and users have been requesting a new one for several years.
Facebook: @TheWeekenderSpain FRIDAY 22ND NOVEMBER 2019 3 Animal welfare on the local agenda THE Compromis political party in Denia have called for the formation of an official Animal Welfare Board in the Marina Alta town. The motion was presented by Rafa Carrio at a council meeting this week, saying I often wonder how people get drawn in by scammers, you hear of it all the time but how does it happen? How do people allow it to happen? I was recently approached by a couple who were considering investing their life savings. They had recently sold their house here in Spain and wanted a low risk investment which would provide them with a steady income. In the past this could have been achieved by depositing cash with your bank and getting a reasonable return on your savings, however with interest rates at an all-time low, people are being forced to shop around. So where do you start on your search for an investment product? Well my clients understandably googled ‘safe’, ‘low risk’ investments and were overloaded with many different options. Not knowing where to start, they postponed their research and opted to speak with a professional who can at least explain in simple terms how investments work and what would be most suitable. Days later, my client was on his laptop checking his emails when he noticed a ‘low risk’, ‘safe’, ‘capital protected’ advert appear on the top of his screen. Inquisitively he clicked on the advert and it took him through to a professional looking website where he discovered they had a fixed interest savings plan which was capital guaranteed and offered a set 6% return for the next 5 years with NO FEES! This is exactly what they were looking for so they completed the form to receive further information. Days later they received a phone call that it should involve animal experts in fields such as health as well as groups like the police, local charities and even hunters. The plan is to improve animal welfare and also communication to residents on Finance Feature provided by... Are scammers becoming more sophisticated? from the company who were based in Malaga where a seemingly professional adviser gave them confirmation that they could have guaranteed returns of 33.82% over 5 years with no risk to their original capital. In fact he went as far as putting it in writing to them, illustrating that if they were to invest £50,000 in 5 years it would be worth £66,910!! Being sensible they started to research the company, and this fixed interest, risk free savings plan. They were re-assured by the professionalism of the product, the company boasted that they were operating in 189 countries including UK, Spain, Hongkong, Thailand and many more. Struggling to find anything negative the couple agreed to meet with their ‘so-called’ professional adviser. Having already made an appointment to see me prior to this they popped into the office to see what Chorus could offer and it wasn’t long before the clients were telling me all about the ‘risk-free’, guaranteed returns that they were about to sign up to, asking whether we had anything similar. Straight away I knew this was a scam! As an independent adviser constantly looking for the best options for my clients, and as someone with nearly 10 year’s experience advising here in Spain, all the alarm bells began to ring. As I started to investigate the product in more detail, it became very clear, very quickly that this was a completely unregulated product, the capital guarantee was about as useful as a chocolate teapot and all over its literature were the words ‘for professional investors only’ (these matters ranging from stray cats to regulations regarding dangerous dogs. There will also be specific policies regarding matters such as dog parks, feral cat colonies, hunting, reporting animal abuse and dealing with abandoned pets and other domestic creatures. Mr Carrio said “in Compromís we believe that this summer it was demonstrated during the controversy about the bidding of the animal collection service, that Famous florist coming to Marina Alta INTERNATIONALLY renowned floral artist John McDonald will be giving a demonstration of his craft entitled “Up to Snow Good” at the Marina Alta Floral Club’s Christmas event on 28 November. John, whose work has featured in various magazines and who used to be head florist at the Gleneagles Hotel, is Scottish but now lives in Hungary. by Simon Russell de Actos in Moraira with the doors opening at 1.30pm. There will be a glass of wine and a mince pie on offer as well as a raffle and sales table. The raffle will be drawn at 2.45 with the lucky winner receiving a hamper and proceeds going to the Proteccion Civil ambulance service and Afa Alzheimer. Entrance is €5 for members The event will be at the and €8 for other usual demonstration venue visitors with everyone of the theatre at the Salon welcome. were the words used on all the ‘Structured Notes’ which were miss-sold and left devastating damage to the life savings of many here on the Costa Blanca as part of the Continental Wealth scam). This couple narrowly avoided a scam that could have swallowed their entire life savings, and do you know what………. It could have easily happened. On the surface, to an untrained eye, this product looked legitimate, and it was a mixture of luck and fate that walked them into my office that day. I’m sorry to say, but in a world where central bank interest rates are effectively 0%, it is impossible to guarantee returns. The idea of a guaranteed, capital protected 5, 6 or 7% is preposterous to anyone who knows their stuff, and truly understands 965 641 163 our current economic environment. Yes, there are low risk, highly diversified investment funds out there that have consistently achieved growth over many years, but they are not guaranteed and the risks need to be properly discussed with an independent professional to assure suitability. www.chorusfinancial.es info@chorusfinancial.es there is an increase in sensitivity towards the welfare of animals by civil society and political groups. The town hall needs a firm commitment to address the issues, with a serious review of the resources that are being allocated, as well as giving more voice to social agents related to animal welfare. These include processes such as the drawing up of technical specifications, protocols and campaigns”. By Tracy Storer Senior Partner Chorus Financial John McDonald with one of his creations My advice is stay clear of the internet when it comes to shopping for investments, seek professional advice and make sure the company and the products you use are fully regulated and are appropriate for you. By fully regulated this means they will be listed with local regulators here in Spain, and preferably other trusted regulators like the UK FCA. Whether it’s a product provider or a ‘socalled’ financial adviser, they are legally obliged to clearly display their regulatory details, reference numbers etc on everything – articles, business cards, emails etc. Always get a second opinion before you commit to anything and remember, if it seems to good to be true, it probably is. If you are considering any new investment or pension transfer or if you have any concerns about anything in this article, please contact me direct on 693 107 044 or email t.storer@chorusfinancial.es Providing award winning advice for your pensions, investments & tax planning. Chorus Financial is a trading style of Tourbillon Limited, authorised and regulated by the Financial Services Commission (Gibraltar), Licence Number FSC1118B, registered with the UK FCA reference 539348, registered with the Spanish DGS and CNMV Nº Registro Oficial 3214. Returning to Costa Blanca November 5th, 6th, 7th. For more information visit www.thefinancetour.com.
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Weekender Alicante South Issue 118

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