Challenger Limited is an Australia-based investment management company. The Company operates through two business segments: Life and Funds Management. The Life segment includes Challenger Life Company (CLC). CLC is a provider of annuities and guaranteed retirement income products. Products are distributed via financial advisers, both independent and part of the major hubs. CLC has distribution representation on all major hubs and platforms. The Funds Management segment comprises Fidante Partners and Challengers Investment Partners. Fidante Partners and Challengers Investment Partners encompasses a number of associate investments in boutique investment managers. Challenger provides administration and distribution services to the boutiques and shares in the profits of these businesses through its equity ownership. Challengers Investment Partners develops and manages assets under Challenger’s brand for CLC and third party institutional investors.