A financial advice firm involved in a lawsuit with former client Alan Shearer has been declared in default by the FSCS in June, along with four other financial advice businesses.
The former England and Newcastle football star Alan Shearer reached a settlement with adviser Kevin Neal Associates Wealth Management and Suffolk Life in June 2017 after he looked to sue both parties for £9m, claiming "negligent financial advice". According to the BBC, the initial court claims were centred on pension investments, with Shearer's legal team's case outline arguing he and his wife Lainya had "limited knowledge or experience" of investments. It said Shearer relied on professional advisers and "those with responsibility to look after their interests". Neal, who defended him...
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