Ex-Norton Motorcycles owner in court over DC investments

Former owner is accused of illegally investing money into the business

Holly Roach
clock • 1 min read
Garner is accused of investing more than 5% of assets from each scheme into the business. Photo by mr.throk/Flickr. CC BY-SA 2.0
Image:

Garner is accused of investing more than 5% of assets from each scheme into the business. Photo by mr.throk/Flickr. CC BY-SA 2.0

A former owner of Norton Motorcycles is set to be prosecuted by The Pensions Regulator (TPR) as he is charged with illegally investing money into the business from three defined contribution (DC) pension schemes.

Stuart James Garner is accused of investing more than 5% of assets from each scheme - for which he was sole trustee - into the motorcycle business. The prosecution comes after an investigation b...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Budget 25: HMRC announces modifications to incoming IHT regime

Budget 25: HMRC announces modifications to incoming IHT regime

Industry welcomes change but warns blocking powers for executors could cause delays

Jonathan Stapleton
clock 27 November 2025 • 2 min read
Budget 25: Government to allow DB schemes to pay surplus funds directly to members

Budget 25: Government to allow DB schemes to pay surplus funds directly to members

Measure will make it easier for trustees and employers to agree surplus extraction

Jonathan Stapleton
clock 27 November 2025 • 3 min read
Budget 25: Rachel Reeves limits salary sacrifice pension contributions to £2,000

Budget 25: Rachel Reeves limits salary sacrifice pension contributions to £2,000

Measure will come into force from April 2029

Jonathan Stapleton
clock 26 November 2025 • 8 min read
Trustpilot