GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Challenger Ltd (OTCPK:CFIGY) » Definitions » Cash Payments for Deposits by Banks and Customers

Challenger (Challenger) Cash Payments for Deposits by Banks and Customers


View and export this data going back to 2008. Start your Free Trial

What is Challenger Cash Payments for Deposits by Banks and Customers?

Cash Payments for Deposits by Banks and Customers only applies to banks.


Challenger (Challenger) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Challenger Ltd (OTCPK:CFIGY) » Definitions » Cash Payments for Deposits by Banks and Customers
Address
5 Martin Place, Level 2, Sydney, NSW, AUS, 2000
Challenger's core business is selling annuity products in the Australian retirement market and, since November 2016, selling Australian dollar-denominated annuities into Japan's large retirement market. The firm's annuity products provide investors guaranteed regular payments over an agreed term for an up-front lump sum investment and is designed primarily to protect investors from the longevity risk of outliving their savings. Challenger also operates a funds management business, Fidante Partners, which has minority stakes in several boutique global investment managers, and Challenger Investment Management, which primarily manages investments supporting its annuities business.