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.