Court hearing for ex-Norton Motorcycles boss postponed

The court hearing for ex-Norton Motorcycles boss, Stuart Garner, has been postponed to Monday 7 February 2022 at Derby Magistrates’ Court.

Originally, the court hearing for the pension fraud case was due to take place on Monday 15 November.

Garner is being prosecuted for illegally investing money into his business from three pension schemes for which he was the sole trustee.

He is accused of breaching employer-related investment rules by investing more than 5 per cent of assets from each scheme into his business, Norton Motorcycle Holdings Ltd.

The three defined contribution schemes, Dominator 2012, Commando 2012 and Donnington MC, have a total of 227 scheme members.

The delay in his court hearing was confirmed by The Pensions Regulator (TPR) today (12 November) in an operational note.

A pension scam complaint was upheld by The Pensions Ombudsman (TPO) in June 2020, with Garner ordered to repay all the money he invested into his own firm from the schemes.

Garner was refused permission to appeal against TPO’s direction to repay £14m into the pension schemes in December 2020.

He has been charged with three separate employer-related investment offences under section 40(5) of the Pensions Act 1995, one in relation to each scheme.

    Share Story:

Recent Stories

Making pension engagement enjoyable through technology
Laura Blows speaks to Nick Hall, business development director and Chartered Financial Planner at UK-based Wealth Wizards about the opportunities that technology provides for increasing people’s engagement with pensions and increasing their retirement wealth. Please click here for an edited write-up of the video

ESG & DC – creating the right tools
In the latest of our series of Pensions Age video interviews Francesca Fabrizi, Editor in Chief of Pensions Age is joined by Manuela Sperandeo, Head of Sustainable Indexing EMEA, BlackRock and Mark Guirey, Executive Director, Asset Owner and Consultant Coverage - MSCI to discuss some key trends of ESG investing among UK pension funds today. Please click here for an edited write-up of the video

Savings and finance at retirement
Laura Blows is joined by Claire Felgate, Head of Global Consultant Relations, UK, at BlackRock, to discuss savings and finance at retirement. Please click here for an edited write-up of the video

Global equities and transition investing
Pensions Age editor, Laura Blows speaks to Royal London Asset Management equity investment director, Jonathan Price, about transitioning to sustainable investments within global equities
Cost transparency
Pensions Age editor, Laura Blows, discusses investment cost transparency and savings with Aon’s Neil Smith and Chris Hawksworth. Please click here for an edited write-up of the video

Advertisement Advertisement Advertisement