Challenger Supports APRA’s Annuity Capital Settings Consultation

An announcement from Challenger ( (AU:CGF) ) is now available.

Challenger Limited has expressed support for APRA’s consultation on capital settings for annuity products, which aims to create a more market-sensitive framework with appropriate risk controls. This regulatory reform is expected to foster innovation, enhance the uptake of lifetime income products, and offer retirees more choice and certainty. The proposed changes are seen as a significant improvement, aligning asset and liability cashflows and reducing required capital levels, thereby improving the financial resilience of life insurers and promoting the growth of the annuity market.

The most recent analyst rating on (AU:CGF) stock is a Hold with a A$7.00 price target. To see the full list of analyst forecasts on Challenger stock, see the AU:CGF Stock Forecast page.

More about Challenger

Challenger Limited is an investment management firm dedicated to providing financial security for retirement. It operates a fiduciary Funds Management division and an APRA-regulated Life division, with Challenger Life being Australia’s largest provider of annuities.

Average Trading Volume: 2,475,402

Technical Sentiment Signal: Buy

Current Market Cap: A$5.43B

For a thorough assessment of CGF stock, go to TipRanks’ Stock Analysis page.