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Showing 1 - 10 of 57 results for "Challenger Life"

Challenger goes for growth with State Street

JAMIE WILLIAMSON  |  THURSDAY, 5 SEP 2024
... assets under management on Challenger's behalf, comprising Challenger Investment Management, Fidante, and Challenger Life. The partnership will support Challenger's strategy to build on its core strengths in retirement, investment management ...

Challenger pre-tax profit up 17%, raises dividend to 26.5c

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... released today. The financial services group said its NPBT result was driven by an ongoing strong performance in Challenger Life - its retirement income business that sells term and lifetime annuity products - and a "disciplined approach to cost management." ...

Challenger overhauls IT, awards mandate

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
Challenger has awarded a mandate to a major professional services firm to overhaul its technological infrastructure. Accenture has been mandated for seven years to upgrade Challenger's technology that will ultimately affect customers, financial ...

Challenger expands strategic relationship with Apollo

CASSANDRA BALDINI  |  THURSDAY, 9 NOV 2023
The group has formed an origination partnership with Apollo Global Management, giving Challenger Life access to private global credit and alternative capabilities. Building upon its existing partnership, Challenger said the extended agreement grants ...

Challenger Life books record annuity sales

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
Challenger Life reaped the benefits of regulatory reforms in the 2023 financial year and a greying population as retail and institutional investors alike increasingly turn to retirement income products. Annuity sales stemming from the domestic retail ...

Challenger launches $250m unsecured note offer

ANDREW MCKEAN  |  TUESDAY, 7 MAR 2023
... New Money Offer and a Reinvestment Offer, will be used to fund a subscription for Additional Tier 1 Capital for Challenger Life and to refinance the Challenger Capital Notes 2. The notes are non-cumulative, convertible, transferable, redeemable, subordinated ...

Challenger reports strong results

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
... assets under management (AUM) were $99 billion, up 1% in the half, but down 14% on prior comparable period (pcp). Challenger Life, the company's retirement income brand, had performed well, earnings before interest and tax (EBIT) was $263 million, up ...

Challenger adds market-linked annuity

ANNABELLE DICKSON  |  TUESDAY, 5 OCT 2021
Challenger Life has updated its annuities offering with a range of market-linked options in an attempt to overcome longevity risk and provide financial advisers with more retirement solutions. Ahead of the legislation of the Retirement Income Covenant ...

Challenger on track to performance target

ANNABELLE DICKSON  |  TUESDAY, 9 FEB 2021
... decrease in net income to $31.6 million which Challenger said was due to lower transaction fees. In addition, Challenger Life recorded a 10% increase in sales to $3.4 billion, including long-term annuity sales while domestic annuity sales were up 11%. ...

Challenger launches new lifetime annuity

KANIKA SOOD  |  MONDAY, 24 AUG 2020
... immediate increase in age pension for certain asset tested retirees. In its FY20 results reported on August 13, Challenger Life - which includes annuities as well as other life products - saw total sales rise 13% to $5.2 billion. But total annuity sales ...
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