Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Rice Warner founder receives Order of Australia

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

28 January 2020
| By Chris Dastoor |
image
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

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 week 2 days ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 month ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month 1 week ago

AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies. ...

2 days 4 hours ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

1 week 5 days ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

2 weeks 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND