Think back to January, 2020, for a moment. We know, it was shortly before the pandemic kicked up in earnest, but it’s also when details of the Norton Motorcycles pensions scandal first came to light. British publications the Guardian and ITV teamed up to dig into the story, which took place several years prior to Norton going into administration and subsequently being purchased by TVS.
Back in 2012 and 2013, hundreds of British pensioners were persuaded to transfer their entire pension funds into three Norton pensions schemes by a conman named Simon Colfer. In 2018, he was convicted and received a suspended prison sentence for these and other pension fraud-related crimes. If you were one of the affected pensioners or their families, though, the damage was already done.
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