Challenger Lifetime Annuity (Liquid Lifetime)
About this Fund
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Liquid Lifetime is a lifetime annuity. A lifetime annuity is an investment that pays you income for life in return for a lump sum investment.
Depending on the payment option selected by you, payments will either be fixed, indexed to inflation, linked to changes in the RBA cash rate or indexed to investment markets.
When you buy a Liquid Lifetime, your investment goes into a fund along with the investments received from other annuity investors. This fund is known as a ‘statutory fund’, and all regular payments to our annuity investors are paid from this fund. We are also required by APRA to invest our own money into the fund.
APRA monitors the statutory fund’s investments, the aim of which is to ensure that we can meet the promises that we have made to you. APRA is the authority that regulates the banking, insurance and superannuation industries. If at any time we do not achieve investment returns that are sufficient to cover all the promises that we have made to our annuity investors, we must cover the shortfall from the money we have invested in the fund.
How we invest