Earlier this year, Norton Motorcycle was pulled out of murky waters when it was acquired by TVS Motor. However, the former owner of the British company has landed himself in trouble. Stuart Garner has been ordered by the Pensions Ombudsman to pay back millions to investors. While the exact amount has not been revealed, it is rumoured to be at least GBP 11 million (about Rs 103 crore). The Pensions Ombudsman is the official ombudsman institution responsible for investigating complaints regarding pensions in the United Kingdom. It acted based on multiple complaints with regards to three pension schemes that Garner had set up. 

Where did it all begin?

Back in 2012, Stuart Garner established three pension schemes – the Commando 2012 Pension Scheme, Donington MC Pension Scheme, and Dominator 2012 Pension Scheme. Members were incentivised to transfer their pension funds from other…

Continue Reading to the Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here