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Shearer Sues Financial Advisers

Photo Courtesy of Getty

Football legend Alan Shearer is taking his financial advisers to the High Court in London alleging that he was given negligent advice that gave rise to £9million worth of damages.

The all-time Premier League top goalscorer also argues that the advisers who specialise in pension management breached their regulatory duty. Shearer himself has very little knowledge of financial investments and therefore relied on the expertise of Suffolk Life, the firm who he is suing.

In response Kevin Neal, one of the other parties to the case, alleges that the case is mostly driven by the former Newcastle player’s “greed and ego” and that the decisions taken towards the investments were initiated by Shearer and his wife who “pushed” their financial advisers in that direction.

The case will continue over the forthcoming weeks with Shearer himself due to give evidence during proceedings today.