Stuart James Garner of Castle Donington, Derby has been sentenced to eight months’ imprisonment, suspended for two years, for three counts of breaching employer-related investment (ERI) rules, following a prosecution brought by The Pensions Regulator (TPR).

Garner was the sole trustee of the three pensions schemes which invested in Norton Motorcycles. The three pension schemes were left with a shortfall of approximately £10m after funds were invested in the business as it faced insolvency. In May 2020, administrators from BDO sold Norton Motorcycles, the British brand ridden by Che Guevara and Clint Eastwood, to an Indian two-wheeler manufacturer, TVS Motor Company, in a £16m all-cash deal.