Our businesses
ASX listed
company
Assets under management
Leading annuity provider in Australia
APRA-regulated Life company
Employees
Australia's 3rd largest active manager3
To fulfil our purpose, Challenger will leverage capabilities across three distinct businesses
LifeAustralia’s largest annuity provider1Life focuses on the retirement spending phase of superannuation, providing products that help customers convert retirement savings into safe and secure income in retirement. |
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Funds ManagementAustralia’s third largest2 and one of the fastest growing active fund managers3Focuses on building savings for retirement by providing investment strategies that seek to deliver superior investment returns. |
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BankAustralian-based consumer digital bankChallenger completed the acquisition of MyLife MyFinance Bank in July 2021 and provides Challenger the opportunity to significantly expand its secure retirement income offering, including entering Australia’s term deposit market. |
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1) Plan For Life - March 2021 - based on annuities under administration.
2) Consolidated FUM for Australian Fund Managers - Rainmaker Roundup, March 2021.
3) Plan For Life Wholesale Trust Data, September 2020, December 2020 and March 2021.
2) Consolidated FUM for Australian Fund Managers - Rainmaker Roundup, March 2021.
3) Plan For Life Wholesale Trust Data, September 2020, December 2020 and March 2021.