Tyne & Wear

Alan Shearer gets payout over 'bad advice' pension

Alan Shearer
Image caption Neither Alan Shearer or Kevin Neal were at the hearing, which lasted 15 minutes

Ex-England footballer and BBC pundit Alan Shearer has won £100,000 in a court fight with a financial advisor.

Shearer had agreed a settlement with Kevin Neal and firm Suffolk Life claiming he "lost millions" after getting "negligent" pension advice.

Suffolk Life and Mr Neal had disputed his allegations.

Sitting at the High Court in London, Judge Mark Pelling ordered Mr Neal to pay Shearer £100,000 and £11,000 in costs.

Barrister Gerard McMeel, representing Shearer, said Mr Neal should have paid the money in June after the settlement was reached two years ago.

A Suffolk Life spokeswoman said the case had been settled on "mutually satisfactory terms and with no admission of liability".

The ex-footballer had complained about investment advice he was given over a £4m pension.

'Greed and ego'

Neither Shearer or Mr Neal were at the hearing, which lasted 15 minutes.

Another judge had started to oversee a trial at the High Court in London in June 2017.

A lawyer representing Shearer had announced the settlement shortly before the former Southampton, Blackburn and Newcastle striker was due to give evidence.

Mr McMeel said the terms of the settlement were confidential.

Mr Neal had told Mr Justice Leggatt the claims were "just driven by pure greed and ego".

Shearer, 49, quit playing more than a decade ago after a career spanning 18 years.

He made more than 600 appearances in top-level club football and won more than 60 England caps.

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