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...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
