About Challenger Guaranteed Allocated Pension (Challenger Pension)
The Challenger Pension is an account-based pension that allows a simple and flexible way of receiving regular payments as part of your retirement strategy. It can provide you with a guaranteed rate of return for your chosen term, regardless of how investment markets perform.
The Challenger Pension offers two investment options:
- Guaranteed Fixed Rate - The fixed rate option offers a guaranteed rate of return on your investment for terms of one to ten years. The earning rate is fixed at the time of your investment providing market and capital protection.
- Guaranteed Cash - The cash option offers a guaranteed earning rate that is set at the start of the week rate and remains fixed for that week, giving you the flexibility to switch all or part of your investment to a fixed rate option at any time.