BIG BIO PLANT

OIL company Cepsa has formed a joint venture to set up a large-scale biofuels plant.

Cepsa and Bio-Oils, which process vegetable oils, have announced that they will invest €1 billion at Cepsa’s La Rabita Energy Park in Huelva.

The facility is targeting the annual production of 500,000 tonnes of sustainable aviation fuel (SAF) and renewable diesel for aviation, maritime and land transport.

The use of biofuels can reduce CO2 emissions by up to 90% compared with conventional fossil-based fuels Cepsa described the project as ‘the largest second generation biofuels plant’ in southern Europe.

choose an ethical financial adviser in Spain?

FIDUCIARY Wealth has been shaping the wealth of the British expatriate community in Spain through unbiased tax-led wealth management advice since 2007.

CHOOSE A QUALIFIED PROFESSIONAL

Seek out a financial adviser with a UK level 4 qualification in financial advice or an equivalent qualification from the European Financial Planning Association (EFPA).

DO YOUR RESEARCH

When making your selection, carefully research all of the financial advisory firms you are considering. Looking online will help you gather information.

EXPERTISE

You should hire a financial adviser with extensive knowledge of cross border tax planning for British expats.

PROFESSIONAL ASSOCIATIONS

A financial adviser with a strong professional link to a prestigious, well-regarded law and accountancy firm/network is a safer bet.

COMMUNICATION IS KEY

The way a financial adviser communicates will tell you a lot of what you need to know, including any red flags. They should employ clear and easy to understand language, dealing in precise details rather than vague terms.

HONESTY IS PARAMOUNT

A crucial trait in any financial adviser is honesty. You should feel able to trust that your adviser is honest and that your interests are their key priority.

LISTENING SKILLS

Expect any good financial adviser to ask plenty of questions about yourself and your financial needs and goals. They should be interested in your personal circumstances, rather than simply talking about the products and services that want to push or a single product they would like to sell you, such as a ‘Spanish Compliant Investment Bond.’

THOROUGH ANALYSIS OF YOUR NEEDS

Steer clear of any financial adviser that offers a report that is short on content and detail.

SALES PRESSURE TACTICS

Avoid a financial adviser who uses high-pressure sales tactics to force you to make a decision more quickly than you feel comfortable with.

SINGLE PRODUCT VERSUS WHOLE OF MARKET

Do not engage with firms that offer the same products to everyone - Spanish Compliant Bonds. A good adviser should provide best advice rather than one-size-fits-all remedies.

BE CLEAR ON PAYMENT

Avoid any nasty surprise charges by clearly establishing how much you will pay before embarking on a course of action. Always ensure all charges are disclosed upfront.

HOW IS YOUR FINANCIAL ADVISOR PAID?

Work with financial advisers that are being paid a salary. An adviser who is on commission is unable to offer impartial advice – as his objectivity is compromised. If getting paid is contingent on obtaining sales, you cannot expect a commission-only advisor to be working in your best interests. Before committing, ask your advisor to confirm in writing if they are commission-only renumerated or salaried.

We are in the Costa del Sol fully available for meetings throughout the week from Sotogrande to Nerja and inland Andalucia.