- Ex-England captain is taking authorized motion in opposition to former salesman Kevin Neal
- Footballer claims he was 'mis-sold' pension after investing in offshore firm
- He invested in Fortress Worldwide Fund Ltd primarily based on British Virgin Islands
Former England soccer captain Alan Shearer is taking authorized motion to reclaim as much as £6 million after being 'mis-sold' investments by a monetary guru.
It's believed Shearer, 46, invested his pension within the offshore Fortress Worldwide Fund Ltd, integrated within the tax haven of the British Virgin Islands, on the recommendation of former insurance coverage salesman Kevin Neal.
Ex-England captain Alan Shearer is taking authorized motion in opposition to former insurance coverage salesman Kevin Neal
Fortress used shoppers' nest eggs to purchase up life insurance coverage insurance policies in the USA.
However The Mail on Sunday has seen a 2013 letter from attorneys for a agency which supplied skilled indemnity insurance coverage for Neal and his firm, claiming he made false statements to them by stating that Fortress Fund didn't spend money on such merchandise, that are thought to be high-risk.
Shearer claims he was 'mis-sold' his pension after investing in offshore Fortress Worldwide Fund Ltd, integrated within the tax haven of the British Virgin Islands
The insurers due to this fact scrapped his skilled indemnity, leaving shoppers with no safety. Neal, 58 – who faces being struck off as a director – claims Shearer 'misplaced no cash' and insisted the investments would 'come good'.
Shearer, who's a pundit on the BBC's Match Of The Day, was launched to Neal by pal and former team-mate Rob Lee, a enterprise affiliate of Neal's.
Shearer (pictured taking part in for Newcastle United) met Neal via workforce mate Rob Lee
In a sequence of textual content messages to The Mail on Sunday, Neal described Shearer's Excessive Court docket declare as 'spurious'.
Shearer and Lee declined to remark.
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