Rice Warner founder receives Order of Australia

Michael-Rice/rice-warner/order-of-australia/

28 January 2020
| By Chris Dastoor |
image
image
expand image

Rice Warner founder and executive director, Michael Rice, has been made an Officer of the Order of Australia (General Division) for distinguished service to business and economics in the Actuarial profession, as part of Australia Day celebrations.

His noted achievements and extensive service included his promotion and advocating for higher superannuation payments to women, and public policy work that secured a framework for better retirement options for all Australians.

He had led submissions to the government on major financial services reviews, including the Henry Tax Review; the Cooper Superannuation Review and Financial System Inquiry; and the Treasury, Senate Committees and the Productivity Commission.

Introduced in 2013, Rice Warner’s ‘Valuing Females’ package offered women extra benefits including flexible work conditions, paid parental leave, and an additional 2% payment of their salary into their super fund.

He had taken the battle for better benefits for women to the Human Rights Commission having argued for positive discrimination in favour of Rice Warner’s women employees.

Rice was named Actuary of the Year in 2017 and chaired the Actuaries Institute’s Public Policy Committee for five years from 2014.

In his advisory capacity, Rice had been an honorary member of the Australian National University’s advisory board of the Collee of Business and Economics since 2014 and was a board member of State Plus from 2016-2019 and a committee member of QSuper from 2009-2016.

He had also advocated for better outcomes for young savers ‘wooed’ into higher-fee superannuation accounts for social media savvy marketers.

Elayne Grace, Actuaries Institute chief executive, said Rice had been a powerful and persuasive advocate for reform in the superannuation and retirement sectors.

“His thoughtful and incisive input is actively sought by policymakers in Canberra and by leading industry groups involved in the wealth management and retirement sectors,” Grace said.

Indy Singh, last years' Money Management Lifetime Achievement Award winner had also recieved the Medal of the Order of Australia (OAM) for his service to the international community and charity work.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 6 days ago

TOP PERFORMING FUNDS