Alan Shearer agrees High Court deal after suing Ipswich pension firm Suffolk Life for £9m
Alan Shearer will give evidence in court. Picture: Nick Potts/PA Wire - Credit: PA
Former England football star Alan Shearer has agreed to a settlement deal after launching a £9million damages claim against an Ipswich pension company and his financial adviser.
Former England and Newcastle striker Alan Shearer has agreed a settlement after claiming he was given “negligent” financial advice and launching a £9million High Court damages claim against a financial adviser and Ipswich-based pension company.
Shearer, 46, had sued financial adviser Kevin Neal and pension specialist Suffolk Life.
Mr Justice Leggatt started overseeing a trial at the High Court in London on Wednesday, but a lawyer representing Shearer told the judge on Thursday that an agreement had been reached between the Match of the Day pundit, Mr Neal and Suffolk Life.
Shearer said Mr Neal was “careless” and “dishonest” and he says pension specialist Suffolk Life breached fiduciary and regulatory duties.
But Mr Neal and Suffolk Life, which is based in Ipswich, disputed his allegations.
Mr Neal told Mr Justice Leggatt that Shearer’s claims were “just driven by pure greed and ego”.
Most Read
- 1 Man found unconscious in Ipswich alleyway following serious assault
- 2 Brother of Ipswich murder victim to roll out bleed control kits across town
- 3 Omid Djalili cracks Ipswich joke at Queen's Platinum Jubilee show
- 4 Striking new seafront café opens its doors to customers after two-year wait
- 5 Suffolk woman and her three dogs die in London crash
- 6 Charity match held in memory of Tavis Spencer-Aitkens
- 7 £1million house with extensive grounds up for sale near Christchurch Park
- 8 Meet John Cook the next mayor of Ipswich – and a Norwich City supporter
- 9 GALLERY: 14 pictures from the Ipswich Twilight Races 2022
- 10 Ford Transit van destroyed in suspected arson attack
Suffolk Life lawyers said Shearer faced “very serious obstacles”.
Barrister Gerard McMeel, who led Shearer’s legal team, told Mr Justice Leggatt that claims related to pension investments.
Shearer, who comes from Newcastle upon Tyne, stopped playing in the top flight more than a decade ago after a football career spanning 18 years.
He made more than 600 appearances in top level club football and won more than 60 England caps.