TPR reports on action against former Norton Motorcycles owner

Former motorcycle business owner left three schemes with combined £10m shortfall

Jasmine Urquhart
clock • 3 min read
Stuart James Garner was banned from being a trustee
Image:

Stuart James Garner was banned from being a trustee

The Pensions Regulator (TPR) has reported on action taken against a former trustee who left three schemes in his trusteeship with a combined shortfall of £10m.

In a regulatory intervention report published today (27 October), the regulator said the former owner of Norton Motorcycles, Stuart James Garner (54), illegally invested schemes' money into his bus...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Law and Regulation

DWP extends VfM consultation by two weeks

DWP extends VfM consultation by two weeks

Deadline for responses extended to 15 September

Martin Richmond
clock 12 August 2026 • 1 min read
How AI is driving more complex pension member complaints

How AI is driving more complex pension member complaints

Richard Bacon and Henry Day say there has been a step change in member requests and complaints

Richard Bacon and Henry Day
clock 07 August 2026 • 3 min read
ORA lessons from the first wave

ORA lessons from the first wave

Manjinder Basi and Lauren Shipman say initial concerns have proved largely misplaced

Manjinder Basi and Lauren Shipman
clock 30 July 2026 • 3 min read
Trustpilot