Challenger Ltd
Company Profile
Business description
Challenger's core business is selling annuity products in the Australian retirement market and, since November 2016, selling Australian dollar-denominated annuities into Japan's large retirement market. The firm's annuity products provide investors guaranteed regular payments over an agreed term for an upfront lump sum investment, and are designed primarily to protect investors from the longevity risk of outliving their savings. Challenger also operates a funds management business, Challenger Investment Management, which primarily manages investments supporting its annuities business. In addition, Challenger holds a 45% minority stake in Channel Group, the merged entity of Fidante Partners and Channel Capital.
Contact
5 Martin Place
Level 2
SydneyNSW2000
AUST: +61 299947000
Sector
Financial Services
Stock type
Cyclical
Industry
Insurance - Life
Fiscal Year End
Employees
568
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