Full Description

Challenger Financial Services Group Limited is engaged in the provision of financial services. It operates in Mortgage Management, Life, Funds Management and Corporate segments. Life includes annuity and life insurance business carried out by Challenger Life Company Limited. The Mortgage Management segment is a white label funding provider for the commercial and residential mortgage lending market, and also distributes mortgages through ownership of broker aggregation platforms. Funds Management earns fees from its operations in the funds management and specialized funds fields providing an end to end funds management business, as well as managing four listed funds: fixed interest and mortgage funds, Australian shares, property funds and international share funds, and a number of unlisted fund mandates. In October 2009, Challenger Financial Services Group Ltd. completed the sale of its Mortgage Management operations to National Australia Bank Ltd.