About the Challenger Guaranteed Allocated Pension
Challenger Guaranteed Allocated Pension has been designed as a simple and low risk way for your clients to convert their superannuation savings into secure and regular payments when they are transitioning to, or in, retirement. It offers two investment options:
- Guaranteed Fixed Rate - The fixed rate option offers a guaranteed rate of return on your client’s investment for terms of between one and ten years. The earnings rate is fixed at the time of investment providing your client with market and capital protection.
- Guaranteed Cash - The cash option offers a guaranteed earning rate that is set at the start of the week and remains fixed for that week, giving your client flexibility to switch all or part of their investment to a fixed rate option at any time.