Alan Brozel, a 74 -year -old retiree, and his wife Paulene, moved to Spain to enjoy a deserved retirement after an intense professional career. But the plans did not come out as expected and now charge a 600 -pound retirement pension (to change 687.27 euros) and have lost their savings of 175,000 euros by investing them in a pension plan in a company, Continental Wealth Management, which broke shortly.
With 50 years, Brozel asked for the early retirement And they granted it for what moved to Spain with his wife to enjoy the end of his professional career on the Costa Blanca, specifically in Gata de Gorgos (Alicante), as he published exclusively Daily Mail. In this newspaper, it is explained how the retiree is now dedicated to completing his little pension cleaning luxury houses or taking care of dogs at home since with the money they have left, it is not enough to survive the day to day.
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Once in Spain, both decided to invest all their savings in a Pension Plan for Continental Wealth Management (CWN), a company that broke out scamming other pensioners like him. One of the problems, as he recognized himself, is that he did not have adequate financial advice, something that all experts such as the Founder of Atair, Antonio Rivas.
“They were all my savings, everything I had after working for a couple of companies and making some investments that had gone well,” he explained. The problem came when, he says, they instructed CWN so that the investments were “at low risk” but “falsified our signatures to invest with high risk.”
They wanted to enjoy their retirement in Spain and now they have to work again
The intention of this marriage, after he got an early retirement at age 50, was to leave his city of residence in Barnet (north of London) to spend his retirement in Alicante. They were sure that, with the money they had saved more about 700 euros that would be paid as a pension, they could rest, travel and be calm.
Now, to get to the end of the month they have had to announce themselves in the employment portals, get a job and return to a working life they had already abandoned. “We accept any commission, clean houses, walk dogs or take care of vacation apartments, we have not stopped working for a day,” says Alan.
Many British choose Spain as a place of retirement, such as Diane, also 74 years old. And referring to the scam they have lived with the fraudulent pension plan, they are not the only ones. According to English media such as Express.co or The Olive, another of those affected who has not wanted to give his name, lost more than 200,000 euros once he invested 470,000 in this same company.
Recovering money is almost impossible, as many of those affected have pointed out, although what hurts most is betrayal. “We should have protected us, but they were only looking towards their interests and I have not only lost my retirement, but trust.”
What happened to his savings at Continental Wealth Management
The continental investment company Wealth Management assured those who trusted their savings that would obtain high profitability. But the reality was very different, false firms and high -risk products with conditions that they did not know, within the pension plan they hired.
“Our idea was very different, we wanted our retirement to be a vacation, with trips around the world and be able to pay it with our money, now I have my 600 pound pension and what I win.”