as an ex pension trustee we were taught that since Maxwell a pension fund couldn't invest in it's "parent company". Though it does say some of the members didn't work for Norton.
He also seems to have been the sole trustee. Where were that auditors in all this?
AIUI, most of the savers in the 3 funds were not, nor had ever been Norton employees. In 2012 and 2013 over 228 savers were duped into transferring over £14m of their pension funds into 3 Norton owned Pension Schemes. The funds in the Norton pension schemes were invested solely into Norton Motorcycle shares. The trustee of the pension schemes, Stuart Garner, was also the owner of Norton Motorcycles.
