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Why choose Challenger?

why challenger - choice

Choice

Challenger has the most comprehensive range of annuity options in Australia.
why challenger - guaranteed regular income

Guaranteed regular income 

Challenger Lifetime annuities allow you to choose payment options for your clients that deliver guaranteed regular payments for life, (and your client’s spouse’s life if they choose) no matter how long they live.
why challenger - no fees

No fees

Fees can have a significant impact to the amount of income your clients will receive over their lifetime. Challenger charges no product fees.
why challenger - strength

Strength

Challenger is a strongly capitalised life company, regulated and monitored by APRA to ensure we can meet our promises.

Delivering adviser support

 

Take advantage of the range of support available to you from Challenger. 

Tech support

Technical support

Challenger’s award-winning technical services team are your expert guides for pre and post retirement planning and aged care. They offer strategic insights and technical resources designed to navigate the complexities of retirement. Assisting you in delivering better retirement outcomes for your clients.
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Service support

At Challenger, we're committed to service excellence, which is demonstrated through our high ratings and positive customer feedback. Our team are Australian based and readily available to answer your questions Monday to Friday, from 8am to 6pm AEDT.
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Product support

Leverage the expertise of our BDMs to help you in crafting client strategies, generating quotes, handling applications, and resolving issues efficiently. Our Distribution team can also provide you with tools to enhance relevant client discussions.
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strategy support

Strategy support

Our Technical and Distribution teams are on hand to assist with modelling scenarios for retirement income or aged care strategies, ensuring optimal solutions for your clients' unique situations.
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Strength and experience

 

Challenger was founded in 1985 and is Australia’s leading retirement income brand1. Challenger Life is Australia’s largest provider of annuities, managing $25 billion in assets as at 31 December 2024.

Experienced  

Challenger’s core business has been delivering regular income to Australians for nearly 40 years and we are recognised as Australia’s leading provider of retirement income*.

Trusted

Challenger Group is an ASX 100 listed company regulated by the Australian Prudential Regulation Authority (APRA). We paid around $6 billion** in income to our customers in the 2024 financial year.

Secure

Challenger is an APRA regulated Life Company. We are required to meet strict legislative and regulatory requirements to ensure your clients' money and income are kept safe.

Partner of choice

The 25 largest superannuation funds in Australia have a business relationship with the Challenger Group***. 
1 Plan For Life – March 2024 – based on annuities under administration.
* Marketing Pulse Study June 2024.
** FY24 annuity interest and capital payments.
*** Based on total assets held by trustee, quarterly My Super statistics as at 31 March 2023, APRA.

We’re a multi award-winning Life Company

Challenger is the largest provider of annuities in Australia and pays guaranteed regular income to thousands of customers. We’ve been winning industry awards for more than 14 years and have also been recognised by Money Magazine in their Consumer Finance awards 2023 and Best of the Best awards 2024.

  

 

 

Guaranteed regular income

Challenger annuities offer your clients guaranteed regular income for life, or for a period they choose.
Learn more about our products

Lifetime annuity

Receive guaranteed regular income payments for the rest of your life from a lump sum invested.

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Term annuity

%* p.a. | 3-year fixed term

Guaranteed income in return for a lump sum invested for a fixed term.*Rates may vary. Annual payment with capital returned at the end. Issued by Challenger Life Company Limited ABN 44072486938.

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CarePlus income for aged care

Challenger CarePlus provides guaranteed monthly payments for life to help with ongoing costs of aged care as well as a guaranteed death benefit.

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How we cover our promises

 

Our annuities offer guaranteed regular income payable for life, or for a chosen investment term. So how do we cover our promises made to you? 

We invest alongside your client

We’re required to contribute our own money into the same statutory fund where annuity money is held. All payments to our customers are made from this fund.

We are APRA regulated

Challenger Life is regulated and monitored by the Australian Prudential Regulation Authority, which also regulates the banking, insurance and superannuation industries. 

We cover market shocks

If our investments in the Statutory Fund don’t earn as much as expected, we’ll still aim to ensure our customers get their payments.
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Our investment experience

 

Challenger’s Funds Management division has $121 billion funds under administration (FUA)* and is one of Australia’s largest active fund managers.

 

Challenger’s Funds Management division comprises Fidante and Challenger Investment Management (CIM), has operations in Australia, the United Kingdom, Europe and Asia and invests across a broad range of asset classes, including fixed income, Australian and global equities and alternative investments. 

 

*As at 31 December 2024, Challenger 1H25 Interim Report.
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