[1] Having gained a high reputation in connection with actuarial and assurance business, Teece was appointed general manager and actuary of the Australian Mutual Provident Society, a position of high responsibility.
He is also a Fellow and member of the senate of the University of Sydney, President of the Sydney Mechanics' School of Arts, a Fellow of the Institute of Actuaries of Great Britain and Ireland, member of the American Society of Actuaries, member of the British Economic Association, President of Section F at the meeting of the Australasian Association held in Hobart in January 1892.
Teece shot himself on 13 December 1928 at his home in Point Piper, New South Wales, survived by four sons and three daughters.
A son, Richard Clive Teece (1877-1965), became a barrister; a daughter, Emma Linda Palmer Littlejohn (1883–1949), became a feminist and journalist.
[1] Two of his brothers, William and Cecil were members of the New South Wales Legislative Assembly for Goulburn.