Deloitte takes Rice Warner
Leading financial services actuarial consultancy, Rice Warner, has been acquired by Deloitte.
The transaction was confirmed by Deloitte today and will see Rice Warner’s staff in both Sydney and Melbourne retained and moving under the Deloitte umbrella as part of the company’s broader superannuation consultancy structure.
Rice Warner has been in existence for 27 years and has carved out a significant presence in the superannuation space. One of its founders, Michael Rice, stepped down as chief executive in 2019, but has remained active in the firm as an executive and board member. It is understood he will continue to have a role.
The acquisition of Rice Warner will significantly strengthen Deloitte’s presence in the superannuation space at a busy time for the sector amid fund mergers and increased regulatory attention.
Recommended for you
The second tranche of DBFO reforms has received strong support from superannuation funds and insurers, with a new class of advisers aimed to support Australians with their retirement planning.
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.
The ETF provider has flagged a number of developments as it formally enters the superannuation space through a major acquisition.
While all MySuper products successfully passed the latest performance test, trustee-directed products encountered difficulties.
