Trustee admits to illegally investing money from three pension schemes

clock • 2 min read
Trustee admits to illegally investing money from three pension schemes

A former owner of Norton Motorcycles has admitted illegally investing money into the business from three pension schemes for which he was the sole trustee, The Pensions Regulator said in a statement on 7 February. Stuart James Garner, 53, of Park Lane, Castle Donington, Derby, pleaded guilty to three charges of breaching employer-related investment (ERI) rules by investing more than 5% of assets from each scheme into his business, Norton Motorcycle Holdings Ltd. Derby Magistrates' Court...

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