Challenger Limited is an Australia-based company engaged in providing investment management services. The Company provides financial security for retirement. The Company operates through segments, including Life and Funds Management (FM). The Life segment includes Challenger Life Company (CLC). CLC is a provider of annuities and guaranteed retirement income products. It distributes products through financial advisers. CLC has distribution representation on all hubs and platforms. The Funds Management segment consists of Fidante Partners and Challengers Investment Partners. Fidante Partners and Challengers Investment Partners include 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.