POWERED BY MOMENTUM MEDIA
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
A ratings firm has placed more prominence on governance in its fund ratings, highlighting that it’s not just about how much money a fund makes today, but whether the people running it are trustworthy, disciplined, and able to deliver for members in the future.
AMP has reached an agreement in principle to settle a landmark class action over fees charged to members of its superannuation funds, with $120 million earmarked for affected members.
Australia’s second-largest super fund is prioritising impact investing with a $2 billion commitment, targeting assets that deliver a combination of financial, social, and environmental outcomes.
The super fund has significantly grown its membership following the inclusion of Zurich’s OneCare Super policyholders.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
76.97 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
76.46 3 y p.a(%)
3
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
51.13 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
45.15 3 y p.a(%)
5
Select Baker steel Gold Institutional
43.78 3 y p.a(%)
