Regulation 

Ex-Rangers manager Smith sues financial adviser

Ex-Rangers manager Smith sues financial adviser

Ex-Rangers boss Walter Smith has launched a court bid to claw back cash invested during his time as a Premier League manager.

The 69-year-old Ibrox legend has started proceedings against high-profile financial adviser Neil Caisley at the Court of Session.

The former Scotland manager is suing him over money paid into a pension fund while he was in charge of Everton in the 1990s.

Mr Caisley describes himself as a financial adviser and his page on business networking site LinkedIn listed Mr Smith among high-profile ex-players and managers described as his clients.

Other clients listed included strikers Duncan Ferguson, Andrei Kanchelskis, Ian Wright and Paulo Wanchope.

Mr Caisley’s page also cited ex-England boss Glenn Hoddle, former Liverpool manager Gerard Houllier and Stoke City supremo Mark Hughes among his high-profile customers.

The site was altered last week to remove the names of individuals including Mr Smith.

Mr Caisley’s client list was changed to a “bank of professional footballers and managers and HNW (high net worth) clients.”

Mr Smith declined to comment on the case, which was listed last week at the court in Edinburgh.

It is understood another man is also being pursued by Mr Smith.

A source said: “Two individuals are being pursued, Mr Caisley and another man, who did some work for him on his pension when he was at Everton.

“It’s money Walter feels he’s due in relation to that period in his career.”

Mr Caisley, 59, of Codicote, Hertfordshire, was unavailable for comment last week.

The law firm involved in his action, Drummond Miller, also declined to comment.

damian.fantato@ft.com

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