Challenger Limited ( (AU:CGF) ) has shared an announcement.
Challenger Limited has expressed strong support for APRA’s proposed changes to capital settings for annuity products, which are expected to significantly benefit Australian retirees, the industry, and the economy. The changes aim to lower required capital levels for annuities, reduce risks to life insurers’ balance sheets, and promote innovation and competition in the lifetime income market. Challenger sees this as a pivotal regulatory update that will enhance financial confidence in retirement and stimulate investment in long-term assets.
More about Challenger Limited
Challenger Limited is an investment management firm dedicated to providing financial security for a better retirement. It operates a fiduciary Funds Management division and an APRA-regulated Life division, with Challenger Life Company Limited being Australia’s largest provider of annuities.
YTD Price Performance: 7.06%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.37B
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