Challenger annuities

We have teamed up with Challenger to administer 3 of their annuity products to support your clients’ retirement needs.

  • Challenger Guaranteed Annuity (Liquid Lifetime)

    • Creates a regular cashflow for life, regardless of how long clients live or how investment markets perform. 
    • The annuity offers multiple liquidity options, so advisers can tailor it to meet clients’ needs.
    • Target Market Determination (TMD) (PDF)
    Product Disclosure Statement
  • Challenger Guaranteed Annuity (Fixed Term)

    • Creates a regular cashflow for a fixed term chosen by the client, regardless of how investment markets perform. 
    • Clients have the flexibility to withdraw before the end of the investment term if their circumstances change.
    • Target Market Determination (TMD) (PDF)
    Product Disclosure Statement
  • Challenger CarePlus

    • Provides fixed monthly payments for life for clients requiring aged care. It pays 100%1 of the amount invested to their estate or nominated beneficiary/ies when they die.
    • It can potentially increase a client’s Age Pension and reduce their aged-care costs.1
    • Target Market Determination (TMD) (PDF)
    Product Disclosure Statement

1 If the policy owner is a resident of South Australia at the time of investment, the death benefit will equal 100% of the amount invested less the amount of state stamp duty paid by Challenger on their behalf.

Benefits of accessing Challenger annuities via AMP

You have access to consolidated reporting within Portal for clients’ holdings.

You benefit from having an online application process including pre-population of client data.

Clients will have a single view of all their Challenger annuities and AMP accounts through My AMP.

Want more information?

What you need to know

This webpage contains general information only and hasn’t taken your personal situation into account. Before making a decision about the appropriateness of Challenger annuities, consider the product disclosure statements and target market determinations available at AMP Services Ltd provides administration services to Challenger in respect of these annuity products only and is not issuing, selling, guaranteeing, providing custody services or any other function in relation to the annuities.

You can read the Financial Services Guide for more information, including the fees and benefits that AMP companies and their representatives may receive in relation to products and services provided. You can also ask us for a hardcopy by contacting us on 1800 667 841.

Annuity (Liquid Lifetime), Challenger Guaranteed Annuity and Challenger CarePlus are issued by Challenger Life Company Limited (ABN 44 072 486 938) (AFSL 234670) and are available through MyNorth via a financial adviser only.