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Sir Ron Brierley, once a lauded corporate raider, now viewed with contempt. (file photo)
Brierley Investments was once the country’s biggest listed company, its eponymous founder famous for hunting down undervalued companies and selling off their assets for a profit. It’s estimated one in every 20 New Zealanders owned shares in the corporate raider, and it made Sir Ron Brierley very rich, with a wealth consistently estimated well over $100 million, elevating him to the top of the corporate world. Now his reputation is in ruins, after the 83-year-old, who lives in Australia, pleaded guilty on Friday to possessing child sexual abuse material, having been detained attempting to board a flight from Sydney to Fiji in December 2019.
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Collapsed DB transfer adviser’s wind-up drags on
By Michael Klimes 21
st January 2021 11:00 am
The wind up of a collapsed advice firm with a history of pension transfer complaints is set to drag on for another year.
Administrators for Kingsway Wealth Management – which racked up around £2.7m in liabilities from pension transfer complaints and went into liquidation in January last year – have had to extend their work by another 12 months, an update on Companies House shows.
The origin of the complaints dates from between 2009 and 2012 when the now-dissolved Pension Transfers Ltd was an appointed representative of Kingsway.
Money Marketing previously reported about how another adviser, DJ Financial Solutions, also doubled up as a member of Quilter’s network and an unregulated lead generator for Kingsway.