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

FCA consults on proposals to support stronger SIPP market standards

FCA consults on proposals to support stronger SIPP market standards

Watchdog says it aims to improve consistency and adequacy of due diligence

Jonathan Stapleton
clock 22 June 2026 • 1 min read
Will pension firms become subject to a robot tax?

Will pension firms become subject to a robot tax?

Matthew Giles looks at how taxing the ‘labour’ performed by AI would impact pensions

Matthew Giles
clock 18 June 2026 • 3 min read
Pitfalls with privilege – Ensuring trustees don't stumble at the final hurdle

Pitfalls with privilege – Ensuring trustees don't stumble at the final hurdle

Chris Edwards-Earl looks at issues around privilege in Virgin Media solutions

Chris Edwards-Earl
clock 17 June 2026 • 3 min read
Trustpilot