Members of three pension schemes awarded £9.8m in compensation from FCF

The fund has paid out nearly £10m to three pension schemes associated with Norton Motorcycles Holdings

Holly Roach
clock • 2 min read
Members of three pension schemes awarded £9.8m in compensation from FCF

Members of three pension schemes whose savings were lost after being unlawfully invested into the sole trustee’s own business, Norton Motorcycles Holdings, have been paid a total of £9.8m in compensation by the Fraud Compensation Fund (FCF).

Members' pension savings were lost after former motorcycle business owner, Stuart James Garner, left three schemes in his trusteeship with a combined £10m shortfall. He pleaded guilty to charges in...

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