Why choose Challenger
Choice
Guaranteed regular income
No fees
Strength
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 30 June 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****.
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.
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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 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.
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Our customer experience
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.Lifetime annuity
Receive guaranteed regular income payments for the rest of your life from a lump sum invested.
Term annuity
5.00%* p.a | 3-year fixed termReceive 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.
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.
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.