14 November 2017
Retirement is different: Keynote address by Jeremy Cooper
There is a serious question whether a defined contribution system is fit for purpose in retirement, according to Challenger Chairman, Retirement Income, Jeremy Cooper. Read the full address.
26 October 2017
Challenger has continued to make great progress in 2017. Successful implementation of our strategy, coupled with prudent operational management, has led to another year of growth and strong returns for shareholders. Read the full release.
17 October 2017
Challenger announces strong first quarter performance
Challenger Limited today reported a significant increase in assets under management, driven by strong results in both Life and Funds Management in the September quarter. Read more
09 October 2017
Savvy seniors seek advice
More Australian seniors are turning to financial advisers for reliable information about retirement finances, according to new research from National Seniors Australia. Read the full release.
03 October 2017
It's not about the kids: Leaving an inheritance is not a priority
Leaving money for the kids is no longer a top priority for older Australians, according to new research from National Seniors Australia. Read the full release.
05 September 2017
Challenger extends annuities distribution with AMP
Challenger is expanding its distribution reach with AMP. From today Challenger's full range of annuity products is available via AMP's adviser portal to any AMP customer, including retail customers of AMP's North, MyNorth and Flexible Super platforms and corporate superannuation clients of SignatureSuper. Read the full release.
15 August 2017
Record results, positioned for future growth
Challenger today announced continued growth in the 2017 financial year, with record normalised net profit after tax, annuity sales and assets under management. Read the full release.
20 April 2017
Challenger campaign to prepare advisers for new retirement income environment
Challenger has launched a campaign aimed at assisting financial advisers in managing client portfolios in an environment where a wider range of retirement income products will be available. Read the full release.
10 April 2017
Challenger launches absolute return fund
Challenger has launched a new fixed income product that's designed to give stable returns and a steady stream of income in all market conditions. Read the full release.
28 February 2017
Fidante Partners forms new Australian small-cap boutique
Fidante Partners is delighted to announce the formation of Lennox Capital Partners, an Australian small-cap fund manager, as the newest boutique under the Fidante brand. Read the full release.
14 February 2017
Driving growth by expanding product and distribution
Challenger Limited (ASX:CGF) today announced record operating results boosted by continued strong growth in annuity sales. Read full market release.
14 February 2017
Challenger to partner with Standard Life Investments
Challenger and Standard Life Investments have partnered to provide Australian retirees with a new global bond product that will aim to provide capital stability with a steady income stream. Read the full release.
08 February 2017
Fidante Partners announces new global equity boutique
Fidante Partners is pleased to announce Avenir Capital, an Australian-based, global value manager, as Fidante's newest boutique investment management partner. Read the full release.
24 January 2017
Challenger appoints new fixed income head
Challenger has appointed Victor Rodriguez as Head of Fixed Income, leading a team that manages a fixed income portfolio for Challenger Life Company and third party investors. Read the full release.
16 December 2016
Reforms to reduce retirement risk
The Federal Government's Comprehensive Income Products for Retirement (CIPRs) discussion paper creates a framework for the retirement phase of superannuation and is an important step towards improving living standards for Australian retirees. Read the full release.
02 December 2016
Challenger's senior executive transition
Challenger Chief Executive Officer Brian Benari has announced upcoming changes to Challenger's Leadership Team, effective 13 February 2017. Read the full release.
23 November 2016
Challenger welcomes retirement income reforms
Challenger welcomes today's parliamentary passage of superannuation reforms which provide for innovative retirement solutions to meet the needs of the rapidly increasing number of Australians moving into retirement. Read the full release.
15 November 2016
Challenger appoints marketing head
Challenger has appointed Debbie Jensen as General Manager, Marketing. The role promotes Challenger's brand in retirement incomes across all marketing channels including business channel marketing and consumer and digital marketing. Read the full media release.
09 November 2016
Super legislation to put Australians on path to more secure retirement
Challenger welcomes the introduction into Parliament of retirement income measures in the Government's superannuation reform package which will put Australia's superannuation system on a path to providing sustainable retirement incomes. Read the full media release.
31 October 2016
Super funds should be looking at super at the household level
Challenger today released its latest retirement income research calling on super funds to take a household view when looking at pre-retiree (60 - 64 yr olds) net super.
Until now super funds have always looked at super on an individual level, however if super balances are looked at from a household view, pre-retirees have more than commonly thought, pooling approximately $423,000. Read the full report.
27 October 2016
New annuity relationships
Challenger Limited (ASX: CGF) today announced two new key annuity relationships:
- New annuity relationship with AMP to provide Challenger's full range of annuity products through AMP's investment and administration platforms; and
- New annuity relationship with Mitsui Sumitomo Primary Life Insurance Company Limited (MS Primary), a leading provider of Australian dollar annuity and life insurance products in Japan.
18 October 2016
Challenger Q1 Financial Results
Challenger Limited (ASX:CGF) today announced September quarter assets and funds under management, net flows and sales across its two operating businesses, Funds Management and Life. Read more in our market announcement.
10 October 2016
Australian investment in Japan: Lessons learnt
The AJBCC and the JABCC are a bridge between our two business communities. They provide the opportunity for us to build strong corporate, government and personal relationships based on shared values and common economic interests.
It's great to see some of Japan's finest companies represented here today alongside many of our own corporate leaders in Australia.
I'd like to cover three areas in my presentation this morning.
Firstly, I'll acknowledge the importance and strength of the economic relationship that has been built between Australia and Japan and how this is now extending into specific developments in the Australian financial services market.
Secondly, I'll talk a little about who Challenger is and our own experience in doing business in Japan and the lessons we have learnt to be successful.
Finally, I'll talk about where I see opportunities in financial services developing in the future considering the economic and demographic trends impacting both of our nations.
29 August 2016
Colonial First State launches Challenger's CarePlus
Challenger's successful aged care solution CarePlus has been launched by Colonial First State (CFS) FirstChoice, making it more readily available to thousands of financial advisers across Australia. Read the media release.
16 August 2016
Record annuity sales, up 22 per cent
Challenger announced record annuity sales, up 22%, boosted by superannuation industry moves to include annuities on investment and administration platforms. Read more in our market announcement. View our infographic which explains the key drivers of Challenger's FY16 results.
03 August 2016
Scam website alert
Please be aware that there is a fraudulent website claiming to be a European annuity provider which looks very similar to challenger.com.au and InvestorOnline with the exception of using a different company name and logo.
This is not a Challenger website nor is it part of the Challenger group. Investors are encouraged to log in to their InvestorOnline account by visiting https://www.challenger.com.au/ or use the Investor Login link available from the top right corner of this website.
It is important to note that Challenger will never send you an email to confirm, update or ask you to disclose your personal account information. If you receive a suspicious email and have questions about its validity, please contact Investor Services on 13 35 66.
19 July 2016
Challenger launches annuity products with Local Government Super
Challenger has expanded the provision of its annuities to industry superannuation funds, with Local Government Super now offering members Challenger-backed guaranteed income products. Read more in the media release.
19 May 2016
You're living longer, how's Australia going to pay for it
At the AB&F Randstad Leaders Lecture, Challenger CEO Brian Benari spoke of how recent Budget reforms mark a sea change in Australia's approach to superannuation and why increased longevity is changing the way we all think about retirement.
The speech asks the following questions:
- How long will I live?
- When will I retire?
- How will I fund my retirement?
And, if we are all living longer and being retired for longer, how will Australia pay for it?
15 May 2016
Privacy Awareness Week
Challenger is a proud partner of Privacy Awareness Week (PAW) 2016, an annual initiative of the Asia Pacific Privacy Authorities forum. In launching its program for PAW 2016 (15 to 21 May), the Office of the Australian Information Commissioner (OAIC) has called for public and private sector entities to partner with it to promote the importance of protecting personal information.
'The theme for Privacy Awareness Week 2016 is Privacy in your hands,' said Acting Australian Information Commissioner, Timothy Pilgrim. 'For businesses and government agencies this means that privacy is part of good governance and made a key priority. For individuals, it means understanding your rights, making choices and taking charge of your privacy in the digital age.'
In recognising the growing importance of privacy to Australians, Challenger is again partnering with the OAIC to help promote a strong privacy awareness culture amongst its staff and to publicise its commitment to protecting the personal information of its customers.
04 May 2016
Retirement income reforms an important step for retirees
Challenger welcomes the Government's announcement of a new superannuation framework that will address current impediments and facilitate a wider range of retirement income products in Australia. Read more.
21 April 2016
Annuity sales up 29 per cent
Challenger's annuity sales reached $575 million, up 29 per cent on the prior corresponding period (pcp) for the March quarter. Challenger is now managing $57.4 billion it total assets and funds under management. Read more.
12 April 2016
Seniors expect super to provide retirement income, survey says
Superannuation is expected to provide income in retirement for a significant number of older Australians according to findings from a recent survey. The survey results come at a time when the Government is considering setting the objective of superannuation. The overwhelming majority, 83 per cent of pre-retirees (50-64) expect super to source income for retirement according to older Australians. Read more.
10 March 2016
Clarifying superannuation objective a win for retirees
09 March 2016
Advisers up the curve on Assets Test changes
Upcoming changes to the Assets Tests affecting Age Pension eligibility are the leading technical area of interest for retirement-focused financial advisers, according to Challenger. Read more.
26 February 2016
Broader range of retirement income products critical to financial security of retirees
Challenger has welcomed the Government's statement that it will soon announce the results of its retirement income streams review.
Challenger Chief Executive Officer Brian Benari said: "The ageing of Australia's population is one of the great economic and social challenges of our time. We welcome the Assistant Treasurer's statement that the government will shortly announce specific policy to broaden the range of retirement income products for Australia's 4.5 million Baby Boomers.
In a speech to CEDA, Assistant Treasurer Kelly O'Dwyer said that to facilitate better retirement products that allow retirees to improve their standards of living, the Government would announce the results of its retirement income streams review shortly and would progress work on comprehensive income products for retirement (CIPRs). Read more.
16 February 2016
Baby boomer demand drives annuity sales
Challenger announced a record interim operating result boosted by continuing growth in annuity sales, and an improved cost to income ratio for the six months to 31 December 2015. The result has been achieved at the same time that Challenger has invested in broadening its distribution footprint through partnering with superannuation funds and investment and distribution platforms to make annuities more widely available. Read more.
11 January 2016
Financial Standard and Challenger launch 2016 technical services forum
Financial Standard has partnered with investment specialist, Challenger to launch the Challenger Financial Standard Technical Services Forum. The event is Australia's preeminent technical services forum and contributes to the development of the industry through new research, insights and education around the impact of legislative change to technical strategies. The forum is open to professionals including technical services experts, research, policy and advice specialists. Read more.
21 December 2015
Fidante Partners expands its core team, supporting strong business growth
Fidante Partners, the boutique funds management business of Challenger Limited, has added three new appointments to support the strong growth of its funds management business which currently manages A$40.5 billion. Nick Hamilton has been appointed to the newly created position of Head of Product & Marketing, Fidante Partners. Steve Higgins and Brent Andal have been appointed as Business Development Managers in NSW. Read more.
16 November 2015
New research debunks investment myth
Long term equity risk premiums (ERP) in Australia are far less predictable than currently thought according to new research from Drew, Walk & Co. The research report shows that equity return (out)performance over government bonds is volatile, and its timing and magnitude, unpredictable. Read the media release or for more information, go to our Equity risk in retirement page.
29 October 2015
Advisers hungry for aged care support
Aged care tops adviser queries for technical support according to Challenger Tech's September quarter round-up. Read more.
27 October 2015
Challenger joins forces with three industry super funds
At its Annual General Meeting, Challenger announced that it's joining forces with three industry super funds to make guaranteed income solutions available and better meet the needs of their members.
Local Government Super, CareSuper and legalsuper will make comprehensive retirement income solutions, backed by Challenger, available to their members by mid-2016. Read the market release.
20 October 2015
Government's FSI response to set goalposts for retirees
Challenger welcomes the Government's response to the Financial System Inquiry (FSI) which will significantly improve outcomes for retirees and the sustainability of Australia's superannuation system. Read more.
15 October 2015
Life sales up 12 per cent
Challenger's Life total annuity sales reached $884 million for the September quarter, up 12% compared to the prior corresponding period (pcp). Challenger is now managing $13 billion on behalf of its 60, 000 annuity investors. Read more.
18 August 2015
Record Life sales, new aged care product launched
Challenger announced record total Life sales of $3.7 billion, up 9 per cent for the 12 months to 30 June 2015. The company also launched a new aged care product, CarePlus to meet the aged care priorities of our ageing population.
Challenger's Funds Management recorded total funds under management of $57.9 billion, up 23 per cent for the year. Read more.
08 May 2015
Liquid Lifetime annuity named Best Longevity Product
For the second year in a row, Challenger's Liquid Lifetime annuity has been awarded Best Longevity Product at the Chant West 2015 Fund Awards. This is the fourth industry accolade received by Liquid Lifetime since its launch in 2010, having also been awarded the 2011 Rainmaker Best Innovation of the Year and the 2010 AFA/Plan for Life Income Stream Innovation of the Year.
04 May 2015
Privacy Awareness Week
Challenger is a proud partner of Privacy Awareness Week (PAW) 2015. PAW is an initiative of the Asia-Pacific Privacy Authorities, held every year to promote awareness of privacy issues and the importance of the protection of personal information. This year, PAW is being held from 3-9 May.
The theme for 2015 is Privacy everyday. Privacy should be an essential component of everyday life, including in transactions such as online investing, internet banking, social media and online shopping. We recognise that our investors value their privacy, and we make your privacy important to us everyday.
More information on your privacy rights is available at www.oaic.gov.au
16 April 2015
Challenger now managing $60 billion
Challenger is now managing $60.4 billion, up 6 per cent for the quarter ending 31 March 2015. Challenger Life recorded record fixed term sales of $840 million for the March quarter, up 69 per cent on the prior corresponding period. Read more.
14 April 2015
Adviser uptake of annuities grows, Challenger annuities most popular
Fifty-nine per cent of advisers identified they intend to use annuities in 2015 according to Investment Trends' 2014 Retirement Planner Report. Among planners who recommended income guaranteed products in the past 12 months, the vast majority, 86 per cent, used a Challenger product. Read more.
07 April 2015
Fidante Partners boutique, WyeTree, recognised by global fund manager awards
Alternative asset manager, WyeTree Asset Management has been recognised in three categories at the 2015 Investor Choice Awards.
WyeTree's RRETRO Fund won Credit Fund of 2014 in the Europe, Middle East and Asia (EMEA) region.
WyeTree was also recognised as a finalist in the Emerging Credit Fund category for its WyeTree Yield Distribution Fund and in the European Credit Fund - Long Term Performance category for its RRETRO Fund. Read more.
07 April 2015
Comprehensive retirement income products represent an important step forward
In response to the Murray-led Financial System Inquiry (FSI) report, Challenger and Mercer have compiled a joint submission to Government.
The joint submission recommends that the development of comprehensive retirement income products (CIPRs) represent an important step forward in moving Australia's superannuation system from wealth accumulation to focus on providing retirement income. Read more.
07 April 2015
Comprehensive retirement income products must be flexible
Challenger has submitted a consultation paper to the Government in response to the FSI's final report.
In its submission Challenger supports the need for public superannuation funds to pre-select a CIPR for their members. It proposes a CIPR should be robust, meet all retirement risks and be flexible. Read more.
12 March 2015
MoneysaverHQ recently asked Challenger why annuities provide peace of mind later in life
Jeremy Cooper talks to MoneySaverHQ about how an annuity can help retirees manage the risk of living longer and give peace of mind. Watch the video.
12 March 2015
Challenger wins Annuity Provider of the Year for the seventh time
Challenger was recognised with three awards at the 2014 Association of Financial Advisers and Plan for Life 'Life Company of the Year' awards. Challenger took out the title for Annuity Provider for the seventh year running, Long Term Income Stream winner and the Annuity and Income Stream innovation award for the success of its annuities on platform integration. Read more.
05 March 2015
Intergenerational Report expects Australian retiree numbers to double
The Australian Government's 2015 Intergenerational Report expects the 65+ cohort to double to 22.6% of the population over the next 40 years. This population growth carries important implications for retirement income policy. Read more.
17 February 2015
Challenger now managing $57.2 billion
Annuity provider and fund manager Challenger is now managing $57.2 billion, following 17% growth for the half year ended 31 December 2014.
The company announced record retail annuity sales of $1.6 billion, up 8%, while its average Funds Management grew to $52.6 billion, up 22%. Read more.
16 February 2015
Challenger backs expansion of pioneering UNSW retirement planning course
Following a successful inaugural term of the University of New South Wales' (UNSW) degree course in retirement planning, Challenger will back a 2015 national roll-out of the course online, as well as an extensive scholarship program.
Challenger's Chief Executive, Distribution, Product and Marketing, Paul Rogan said: 'The need for retirement advice is expected to grow as the Baby Boomer demographic ages and retirees seek specialist advice on tax, estate planning and social security rules'.
Students can undertake the 'Retirement Planning' subject as part of the Masters of Financial Planning or Graduate Diploma of Financial Planning at UNSW.
The subject can also be taken as a stand-alone course with students gaining a Certificate of Retirement Planning upon completion. Read more.
18 December 2014
Challenger achieves resolution for aged care clients
Challenger has reached a resolution with the Department of Social Services (DSS) for Care Annuity clients to retain existing social security and aged care assessments. The resolution comes after the DSS halted proposed changes to existing aged care recipients that could cause financial strain for many clients. The resolution comes at an important time ahead of the holidays, and provides existing clients and their families with financial certainty. Read more.
08 December 2014
Challenger says FSI super reforms herald a 'retirement revolution'
Challenger welcomes the FSI's Final Report as heralding a 'retirement revolution', and agrees that the retirement phase of superannuation would benefit greatly from appropriate structure in the form of pre-selected retirement products for members which deliver stable income and longevity protection. Read the media release.
03 December 2014
Challenger Investment Partners wins KangaNews credit award
Challenger Investment Partners has won the title for 'Australian Credit Fund Management House of the Year' at the 2014 KangaNews awards. Challenger Investment Partners is a relative value investor and manages $12 billion on behalf of institutional investors. Read more on the 2014 KangaNews award winners.
28 November 2014
Challenger takes action to protect aged care recipients
The company will pursue legal avenues to protect Care Annuity investors affected by the Department of Social Services' 'unfair backflip' on the social security assessment of that product. Read the market announcement.
06 November 2014
VicSuper members to benefit from longevity products
VicSuper has announced it will integrate Challenger's term and lifetime annuities into its product offering alongside term deposits and account-based pensions, a first for industry super funds. Challenger annuities will be available to VicSuper's 240,000 members from early 2015. Read more.
28 October 2014
Deferred lifetime annuities would cost Government nothing to introduce says Challenger CEO
Challenger CEO Brian Benari said deferred lifetime annuities (DLAs) can help with managing Australia's growing longevity problem and relieve pressure from Australia's fiscal system he announced at the company's Annual General Meeting in Sydney. DLAs have been acknowledged in 14 submissions to the Financial System Inquiry and received widespread support from industry bodies and associations encouraging its take-up. Read more.
15 October 2014
Challenger annuities to be available on leading investment platforms
Leading annuity provider Challenger has partnered with Colonial First State (CFS) to make its fixed term and lifetime annuities available on CFS's FirstChoice and FirstWrap platforms by June 2015. Read more.
15 October 2014
Challenger is now a $54 billion investment manager
Annuity provider and fund manager Challenger Limited is now managing $54.2 billion, following 7% growth over the September 2014 quarter. Challenger Life recorded annuity sales of $788 million, up 8% over the prior corresponding period. Challenger's Funds Management funds under management grew to $52.6 billion, an increase of 12%. Read the ASX release.
24 September 2014
Challenger wins prestigious international advertising award
Challenger's 'Retirement on Paper' campaign has received its first international accolade by winning Bronze in the animation category at the 2014 Clio Awards, which were held in New York City on 1 October 2014. This is the fourth award won for this campaign and the tenth overall since Challenger commenced consumer advertising in 2010.
09 September 2014
Retirement planning expert answers the big questions around retirement
Canadian retirement planning expert, Professor Moshe Milevsky, was recently in Australia discussing retirement planning and longevity risk. Watch his tutorials.
04 September 2014
Challenger wins Gold Effie advertising award for 'telling it like it is'
Challenger's 'Retirement on Paper' campaign won gold at the 2014 Effie Awards in the financial services category. This is the marketing team's second Effie and its ninth award for annuities advertising. The Effie Awards are the most prestigious advertising awards in Australia, and recognise effectiveness in marketing communications. Read more on the Awards.
29 August 2014
Challenger Capital Notes increases offer
Due to high demand, the Challenger Capital Notes offer has been increased to $340 million. Please read more.
27 August 2014
Challenger launches Capital Notes to fund growth and capital flexibility
Challenger aims to raise $250 million via the issue of listed convertible notes to support annuities growth and capital flexibility. Read more.
21 August 2014
Challenger offers new shares to retail shareholders
Following its successful institutional share placement, Challenger will make an offer of new shares to its Australian and New Zealand shareholders under a Share Purchase Plan. Read more.
21 August 2014
Challenger raises $250m to fund annuities growth
Leading annuity provider Challenger has completed a $250 million capital raising via institutional share placement to fund future growth in its $11.1 billion annuities business. Read more.
20 August 2014
Challenger's lifetime annuity sales break industry record
The company's 2014 financial report detailed profit, earnings and dividend growth at the $50.7 billion investment manager, and revealed that its lifetime annuity sales hit $613 million in FY14. This was not only a 139% increase on last year's sales, it's more than the entire industry has ever sold, in any year. Read more.
15 July 2014
Inquiry says annuities could help fix broken retirement system
The Government's Financial System Inquiry says our retirement system is failing retirees by leaving them to fend for themselves when they stop working. There should be more guidance, better advice and a wider range of products to help Australians manage the risk of outliving their savings. In particular, we need to encourage the purchase of longevity products like annuities. Read the report.
23 June 2014
Challenger wins eighth advertising award
Challenger's 'Retirement on Paper' campaign has won Best Advertising Campaign of the Year - Consumer Division at the 2014 MAX Awards. This is the second award Challenger has received for its 'Retirement on Paper' campaign and the eighth advertising award for its brand campaign. Read more.
23 May 2014
Challenger wins seventh advertising campaign award
Challenger has been awarded 'Best Advertising Campaign of the Year' for its 'Retirement on Paper' campaign at Money Management/Lonsec's 2014 Fund Manager of the Year Awards. This is the second time Challenger has received this award, the first was in 2012 for its 'Real Stories' campaign. This marks the seventh accolade for best advertising campaign bestowed on Challenger's marketing team in the last three years. View the award winning campaign and read more on the awards.
22 May 2014
Liquid Lifetime wins third longevity product award
Challenger's record-setting Liquid Lifetime Annuity has won the 'Best Fund: Longevity Product' category at Chant West/Conexus Financial's 2014 Super Fund of the Year awards. Read more.
15 May 2014
Nobel Laureate and Professor William F. Sharpe recommends defaulting retirees into annuities
Nobel Prize winner and Stanford University Professor William F. Sharpe recommends defaulting retirees into annuities to help manage the risk of running out of superannuation, which he says is a serious risk for all but the wealthy. Watch the short interview here.
17 April 2014
Lifetime annuity sales rose 123% in March quarter
Challenger's revival of the lifetime annuity market through product innovation continues apace, with sales in the March quarter of $143 million, up 123% on the prior corresponding period. The life and funds management group also achieved 21% growth in total assets and funds under management to $49.5 billion, for the 12 months to 31 March. Read the ASX release.
13 March 2014
Challenger/UNSW Retirement Planning Course wins Innovation Award
Challenger and the University of New South Wales have been awarded the AFA/Plan for Life Annuity & Income Stream Innovation Award for UNSW's Retirement Planning Courses.
Challenger also won the Long Term Income Stream Award category and Annuity Provider of the for the sixth year in a row. Read more.
18 February 2014
Challenger grows assets under management by 27% to $48.8 billion
Strong inflows to its annuities and funds management businesses have delivered a 10% normalised net profit increase for Challenger in the six months to 31 December 2013. The investment management group's life company made record retail annuity sales of $1.46 billion, while its funds management arm was boosted by net flows of $1.1 billion and is now Australia's seventh largest fund manager. Read more.
10 February 2014
Challenger funds university research into superannuation spending
Challenger has joined with other industry participants, CSIRO and Monash University to conduct research into retiree spending habits. The company intends to use insights gleaned from the three year programme to inform the development of new annuity products.
'The success of our innovative lifetime and care annuities stems in part from listening to the needs and wants of retirees', said Paul Rogan, Chief Executive, Distribution, Product and Marketing at Challenger.
'With more "real world" input from this research cluster we hope to continue the modernisation of one of the oldest investment products in the market.' Read more.
31 January 2014
Challenger to deliver half year results
On Tuesday, 18 February 2014, Challenger Limited will report its interim results for the half-year ended 31 December 2013.
16 December 2013
Challenger acquires self-managed super firm
Challenger has acquired self-managed super (SMSF) consulting firm Bendzulla Actuarial. Read more.
11 December 2013
Research says Australians are too pessimistic about their own life expectancy
Many Australians are too pessimistic about their own life expectancy, according to research from the Centre of Excellence in Population Ageing Research, and are at greater risk of their savings running out. Read more.
04 December 2013
Aged care changes to hit self-funded retirees and part-pensioners
The Government's $3.7 billion 'Living Longer Living Better' package will see a greater number of seniors receiving aged care assistance in the home, but will also require those with greater means to contribute more to the cost of their aged care.
The proposed changes come into effect from 1 July 2014. While people receiving a full age pension will not be disadvantaged, many self-funded and part-pension retirees will be significantly impacted by how the aged care accommodation and ongoing care fees are calculated, which may result in many new residents paying higher fees.
Retirees already in aged care on 30 June 2014 will not be subject to the changes unless their current level of care changes. The family home will continue to be exempt from the Aged Care assets tests if occupied by a spouse or a protected person.
17 October 2013
Challenger's assets under management rise to $46 billion
The group's total assets and funds under management rose 31% for the 12 months to 30 September 2013 to $46 billion. Challenger Limited is Australia's largest annuities provider and now its seventh largest investment manager. Read the ASX release.
19 August 2013
Challenger is now managing nearly $45 billion
Challenger is now Australia's ninth largest fund manager and the country's largest provider of annuities. In 2013 it reported strong sales, profits, cash and capital, and the successful introduction of innovative lifetime annuity products. View the market release.
24 June 2013
Our 'new look' and product changes
The Challenger websites have been updated in line with our new look, and with some exciting product changes. For example, you can now choose a lifetime annuity with 'partial CPI' protection, which means that you can receive higher regular payments early on in the life of your annuity, without forgoing all inflation protection. For more information, speak to your adviser.
18 June 2013
Challenger set to break industry records for lifetime annuity sales
Challenger has targeted $240 million in lifetime annuity sales for the 2013 financial year, making it the highest-selling annuity provider in the Australian wealth management industry. Read more.
15 May 2013
Government supports take-up of deferred lifetime annuities in Federal Budget
The Government announced it will extend concessional tax treatment to deferred lifetime annuities from 1 July 2014. Under this reform DLAs will receive the same tax treatment as other super products with supporting income streams. DLAs are purchased for an upfront premium and then begin to generate payments when the client reaches median life expectancy. Deferred lifetime annuities provide pure longevity insurance for clients in their later stages of life and can free up advisers to focus on investing the balance of super between retirement and when DLA payments take effect. Read more.
18 April 2013
Challenger's assets under management rises 7%
Annuity provider and fund manager Challenger Limited increases assets under management to $40.9 billion in the March quarter. Read more.
09 April 2013
Super reforms may benefit annuities
The Government has announced a package of measures to improve Australia's superannuation system. Removing current regulatory blockages for deferred lifetime annuities will help to manage increasing longevity risk currently facing Australians. Read more.
12 March 2013
Challenger product suite approved by Lonsec
Independent research house Lonsec has rated Challenger's entire suite of annuity products 'Approved'. Read more.
11 March 2013
Care Annuity wins Canstar's 2012 Innovation Excellence Awards
Independent data and ratings provider, Canstar, has recognised the Care Annuity in its 2012 Innovation Excellence Awards. The awards recognise financial services products on their degree of innovation and market impact. The Care Annuity beat 43 other financial product submissions across banking, insurance and wealth management.
07 March 2013
Challenger recognised as Annuity Provider of the Year
At the 2012 Plan for Life/AFA awards, Challenger was named Overall Annuity Provider of the Year, Long Term Income Stream Provider of the Year and Income Stream Innovation Provider of the Year.
28 February 2013
Challenger's assets under management rises to $38 billion
Australia's largest annuities provider and top 10 fund manager Challenger Limited has increased its total assets under management by 29% to $38 billion in the six months to 31 December 2012. Read the ASX release.
20 February 2013
QSuper and Challenger launch new guaranteed term annuity
Leading super fund QSuper and Challenger have launched a new guaranteed term annuity product. Under this arrangement, QSuper members will have access to a broad range of term annuities which provide more certain retirement income. Read more.
14 December 2012
Bendigo Wealth and Challenger strike annuities partnership
Challenger and Bendigo Wealth have struck a partnership under which Challenger's Liquid Lifetime annuities will be offered to Bendigo clients under the Bendigo brand. Read more.
14 December 2012
Zenith rates Challenger annuities suite as 'Recommended'
Independent research house Zenith Investment Partners has rated Challenger's entire suite of annuity products as 'Recommended'.
26 October 2012
Challenger campaign 'cuts through' to win awards
The Australian Marketing Institute has recognised Challenger's Real Stories advertising campaign by awarding it the Marketing Program of the Year and National Winner, Marketing Communications (Business to Business), saying the company dealt with the issue of retirement savings in the wake of the GFC in an engaging and sensitive way. View all award winners.
22 October 2012
Challenger Director recognised
Challenger Limited Board Director, Brenda Shanahan, has been recognised in the Australian Financial Review & Westpac's 100 Women of Influence awards in the category of Board/Management.
18 October 2012
Challenger's now managing $35.2 billion
The company reported strong September quarter sales figures and total assets and funds under management growth of 28% from 12 months ago. View the ASX release.
18 September 2012
Cash flow beats shares or bonds
The AFR has published an article by Jeremy Cooper in which he urges those debating superannuation policy to take into account the importance of retirees' cashflows. Read our guide on how to protect savings against sequencing risk.
21 August 2012
Challenger delivers record 2012 sales, healthy profits and a large capital surplus
Record total annuity product sales of $2.66 billion, up 35%. Read the market release.
21 August 2012
Annuities' capital backing increases
New prudential regulations aimed at protecting policyholders from the effects of 1:200 year adverse shocks will increase annuities' capital-backing, giving policyholders even greater peace of mind. The new standards affect all life and general insurers and in Challenger's case will be phased in over three years.
11 May 2012
Money Management 2012 Fund Manager of the Year Awards
Challenger won best advertising campaign of the year, while Fidante Partners' boutique, NovaPort Capital, won small caps and rising star awards. Congratulations to Fidante Partners' boutique, Alphinity, who was also nominated as a finalist.
01 May 2012
New login sites
Challenger's new login sites offer more functionality and an enhanced user experience for investors and advisers. To log in, click on the login icons at the top right of this screen.
01 March 2012
Challenger named Annuity Provider of the Year for fourth consecutive year
The Association of Financial Advisers and actuaries Plan for Life have recognised Challenger with three industry awards - Annuity Provider of the Year, Income Stream Innovation Award and Long Term Income Stream Award.
27 February 2012
Jeremy Cooper interviewed at SMSF Professionals' Association of Australia conference
The SMSF Professionals' Association of Australia (SPAA) recently invited Jeremy Cooper to discuss his views on managing longevity for SMSF members.
20 February 2012
Challenger delivers record half-year sales and profits
Annuity sales for the half-year reached $1.27 billion, an increase of 74%. Read the market release.
13 December 2011
Challenger and National Seniors Australia form partnership
Challenger and National Seniors Australia are working together to improve the retirement lifestyle of the over 50s. Read more...
05 December 2011
Challenger wins Australasian Investor Relations Association Award
Challenger's Investor Relations team has been awarded Best Mid-Cap Investor Relations at the 2011 Australasian Investor Relations Association Awards. Read more...
10 November 2011
Brian Benari named as CEO designate
Brian Benari is to succeed current CEO Dominic Stevens in February 2012. Read more...
12 October 2011
Study: Australians would benefit from taking part of their super as an income stream
The 2011 Melbourne Mercer Global Pension Index also cites a 2010 World Bank report suggesting that policy makers should target an adequate but not excessive level of annuitization.
25 August 2011
Annuity sales grow 56% to $1.46 billion
Challenger's retail annuity sales hit record levels in the 2011 financial year, with the company forecasting strong growth for 2012 as investors continue to seek secure, reliable investment returns. Read more...
25 July 2011
Jeremy Cooper's interview on ABC Radio National
Federal Government regulation is planning to raise the compulsory superannuation contribution from 9-12% discusses whether super has delivered, which has caused problems such as local banks borrowing heavily from international markets and leading to increased risk in the economy. Read more...
14 July 2011
Liquid Lifetime Annuity voted best innovation
Challenger's Liquid Lifetime Annuity was voted the Best Innovation of the Year at Rainmaker's 2011 Sales and Marketing Excellence Awards.
15 June 2011
Leading the way in retirement incomes
Challenger is currently the clear leader in retirement income products according to the latest Plan for Life data, garnering 45% of all retail investments in the March quarter, 19% more than its nearest competitors.
03 June 2011
Alphinity and Greencape recognised in Fund Manager of the Year Awards
At the 2011 Money Management/Lonsec Fund Manager of the Year Awards, Alphinity Investment Management was named Rising Star Fund Manager of the Year. Greencape Capital was recognised as a finalist in the Australian Broad Cap category. Both boutiques are distributed and part-owned by Challenger Limited's multi-boutique business, Fidante Partners.