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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 that deliver guaranteed regular payments for your lifetime (and your spouse’s life if you choose), no matter how long you live.
why challenger - no fees

No fees

Challenger charges no administration or management fees on our products. 
why challenger - strength

Strength

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

 

Strength and experience

 

Challenger was founded in 1985 and is Australia’s leading retirement income brand*. 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 retirement 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 money and income are kept safe. 

Partner of choice

The 25 largest superannuation funds in Australia are clients of the Challenger Group****. 
*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 trustees, 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.

  

 

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 you

We’re required to contribute our own money into the same Statutory Fund where your 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. 

Customer care
​

At Challenger we take customer service seriously which is demonstrated by our high customer service ratings and the great feedback we receive from our customers. Our customer service team are Australian based and readily available to answer your questions Monday to Friday, from 8am to 6pm AEDT. 

Challenger employee smiling

Our customer experience
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Singer Graham appreciates the constant monthly income that his lifetime annuity brings him. Combined with the Age Pension he says he’s set up properly for retirement and he doesn’t have to worry. 

 

His adviser recommended he take an annuity with Challenger and now at 78 he says his monthly income payment helps him live comfortably and not worry about money.

Guaranteed regular income

Challenger annuities offer guaranteed regular income for life, or for a period you choose.
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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

Receive guaranteed regular income payments from a lump sum invested for a specific term

*Rates may vary. Annual payment with capital returned at the end. Issued by Challenger Life Company Limited ABN 44072486938.

Learn more

Income for aged care

CarePlus annuities provide guaranteed monthly payments for life to assist with the payment of aged care costs as well as a guaranteed death benefit.

Learn more
Hikers hiking towards sunset

Our investment experience

 

Our Funds Management business is one of Australia’s largest active fund managers* with operations in Australia, UK, Europe and Asia. It is comprised of Fidante, an award-winning distributor of investment strategies, and Challenger Investment Management Fixed Income, a specialist in public and private credit markets. 

 

*Calculated from Rainmaker Roundup, September 2023 data.
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