Thursday, 18 May 2017


Unauthorised 'advisers' are also Uninsured 'advisers', so when things go wrong, as they often do, YOU are not protected!

Many of the Financial Advisers operating in Spain are doing so without any regulation, with no authorisation and if anything goes wrong YOU the client has no recourse to putting this right. Authorised & Regulated advisers must carry Professional Indemnity Insurance to protect YOU the consumer.

The only acceptable Spanish Regulators are;

Comision Nacional del Mercado del Valores is the principal financial services regulator in Spain and responsible for authorising investment products. A CNMV adviser can be recommended, please email here

Direccion General de Seguros y Fondos de Pensions is the Spanish regulator for insurance products which can be marketed in Spain. Please email me to be referred to an authorised adviser

The Financial Conduct Authority came into existence in April 2013 to replace the FSA. Although FCA is a UK regulator firms can receive authority to operate in Spain through a European passport arrangement.
It is my very firm belief that ALL UK pension business should be carried out by FCA regulated and authorised advisers. If you have any doubts about an adviser please email me the details, as I can check them for you.
FCA rules tend to be stricter than their Spanish equivalent but you still need to check the regulation of these advisers

Warning about the Unauthorised

When things go wrong, as they do, with an unauthorised adviser you have no recourse. This subject appears in my inbox all to often! The disappointing thing for me is that I see the same names regularly.

You must check BEFORE you invest

To protect yourself, please ask for help. I can;
·         Check the regulation of an adviser you already know
·         Check if an advertisement you see is from a valid company
·         Recommend properly qualified and regulated advisers who ARE authorised in Spain

Just email me your details with anything you want to ask

Further Reading;

David Goodall
Financial Pages in Spain