Consulting

Information, insight, ideas and strategy

The Rice Warner Consulting approach.

Our highly skilled consulting practice is built on a unique cornerstone: Rice Warner’s proprietary research developed and refined over many years.

We assist  clients across various segments of the financial services industry. Our clients value more than just our opinion. They trust the fact-based source of our many insights. From this, we bring the opportunity to co-develop new ideas, test and benchmark existing practices, map out possible future solutions and define practical measures for success.

Our consulting approach derives from a strong heritage of actuarial rigour and technical knowledge. But it is also melded with practical market knowledge and deep, hands-on consulting experience.

For every engagement, we think about how to deliver the best outcome for our clients. This helps us to understand each specific challenge and opportunity and to optimise the value of our support.

Superannuation and Investment Services

The superannuation market has been consolidating, and Rice Warner has been at the forefront with assisting superannuation funds identify suitable merger partners and achieving successful merger outcomes that are in members’ best interests.

We work closely with merger partners to help secure merger approvals implement the merger and monitor whether business outcomes are achieved.

Rice Warner’s heritage is as a firm of consulting actuaries. Our superannuation actuarial services cover financial modelling, benefit projections, independent insurance in superannuation pricing review and investment analytics as well as prescribed actuarial work for defined benefit superannuation funds.

Rice Warner’s heritage is as a firm of consulting actuaries. Our superannuation actuarial services cover financial modelling, benefit projections, independent insurance in superannuation pricing review and investment analytics as well as prescribed actuarial work for defined benefit superannuation funds.

Rice Warner helps our clients with all aspects of superannuation product management and development whether research, design, benchmarking or implementation. Our industry research sees us at the forefront of market trends and product innovation.

Rice Warner can also second analysts and consultants to work as part of superannuation product teams for those occasions where the team requires additional capability or capacity.

Rice Warner has built a reputation for providing fact-based guidance to superannuation industry participants backed by informed opinion and thought leadership. Our unique insights, supported by our rich databases and research, help clients develop effective commercial and operational strategies.

Rice Warner’s extensive superannuants database and related research enables us to help benchmark superannuation funds, whether products, fees, investments, insurance, service operations or costs and expenses.

Advice has been an integral part of superannuation offerings for many years. At Rice Warner, we help superannuation funds set and implement their advice models, providing not only consulting support but also access to calculators and advice related FinTech solutions.

With an aging population and the gradual retirement of the Baby Boomers, the superannuation industry is rapidly developing products and services to maintain members to and through retirement.

Rice Warner is at the forefront of helping superannuation funds develop a strategic retirement framework, and products aligned to this framework, to support members in retirement.

Rice Warner Actuaries have spent the last decade modelling the uncertain fluctuations of investment markets to develop a detailed understanding of potential future performance. Through these models Rice Warner assists product providers quantify investment performance using metrics that retail investors can understand.

Our Actuaries are experts in modelling the trends which drive outcomes in uncertain and ever changing markets. We assist clients  challenge and enhance the development of market-leading products through portfolio modelling, demonstrating the range of possible outcomes which may realise.

Leveraging our platforms and product benchmarking databases, Rice Warner assists superannuation funds and platform providers access whether their investment options are fit for purpose, both at the individual option level, and for the overall investment menu.

Investment managers and superannuation funds must, by law, report on their fees to ensure transparency for investors. Rice Warner has developed a rigorous process for assisting clients with the nuanced detail of these disclosures through annual reviews and topical research. This process, augmented with Rice Warner’s understanding of emerging trends and relationship with the regulator gives confidence of quality oversight now, and into the future.

Insurance and Insurance in Super Services

Rice Warner is at the forefront of the constantly evolving life and superannuation insurance industries, such as the development of the Insurance in Super Voluntary Code of Practice. Our tailored advice draws from our deep industry knowledge and extensive range of tools and databases.  Our experience and resources enable us to provide a clear understanding for insurers, reinsurers and superannuation funds, of how regulatory change will impact insurance affordability, adequacy, and competitiveness.

Superannuation funds must regularly review insurance arrangements to ensure they are appropriate for the fund’s membership.

Rice Warner provides superannuation funds the confidence that the insurer’s pricing is reasonable and appropriate, taking the form of either:

  • An independent review of the insurer’s pricing which involves us working closely with the insurer’s pricing actuary to understand and query the methodology and assumptions used, or
  • A full independent pricing exercise.

Rice Warner’s independence combined with deep actuarial and insurance expertise, tools and research means we are uniquely placed to assist your superannuation fund in working through the pricing exercise.

Rice Warner works with superannuation funds to assist with benefit design reviews.

Rice Warner’s unique insights, tools and analysis enable us to help superannuation funds understand their membership, member insurance needs and product affordability. This insight equips superannuation funds to create insurance benefit designs that improve member outcomes.

Rice Warner regularly carries out benchmarking of insurance product features and pricing utilising Rice Warner’s Group and Retail insurance database containing over 200 products.  Our tailored reports and workshops allow unique insight to the insurer’s products’ market competitiveness.

Having consulted to many superannuation funds on a wide range of group insurance matters and carried out previous IMF reviews, Rice Warner assists superannuation funds review all aspects of their Insurance Management Framework (IMF).

Rice Warner also assists with the ongoing operation and monitoring of key elements of the IMF.

As an independent consultancy, Rice Warner has proven ability to help superannuation funds conduct insurance tenders and achieve their objectives, relying on an inclusive style that informs, educates and includes our client in the decision-making process.

We assist superannuation funds to select the most appropriate insurer with our service tailored to suit the superannuation fund’s needs and capabilities. We also assist with implementation of new insurance arrangements.

Rice Warner has built a reputation for providing fact-based guidance to superannuation industry participants backed by informed opinion and thought leadership. Our unique insights, supported by our rich databases and research, help clients develop effective commercial and operational strategies.