BIKE (UK)

Garner faces years in chokey

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» The former boss of Norton, Stuart Garner, faces up to two years in prison if a prosecutio­n by the Pensions Regulator (PR) succeeds. Garner took money from pension funds that he ran and invested them in Norton, which is illegal. Michael Hayles, a senior pension lawyer for Burges Salmon, told Bike he expected the PR to make an example of Garner. ‘Investing pension money in just one business is a terrible idea,’ says Hayles. ‘You shouldn’t be risking people’s futures that way.’

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