Challenger is the winner of the Overall Longevity Provider of the Year Award for 2023, announced by Plan For Life.
The fifth Annual Longevity Cover Awards recognise Australian Life companies and fund managers who are designing products to assist retirees in meeting the challenges of longevity. Longevity in this context simply means ‘life expectancy’. Products currently on offer to retirees, specifically designed to meet some part of longevity risk, can be defined as “Longevity Cover”.
The Longevity Product (Lifetime Guaranteed Income) Award went to Challenger (Liquid Lifetime Annuity – Immediate Payments), a product which provides a combination of flexibility, access to capital and guaranteed income.
The Longevity Product (Deferred Lifetime Guaranteed Income) Award went to Challenger (Liquid Lifetime Annuity - Deferred Payments), which provides access to capital and deferred guaranteed income.
The Longevity Product (Lifetime Investment Linked) Award went to Generation Life (LifeIncome), which provides income that is linked to selected investment options and which continues for life.
The Longevity Product (Deferred Lifetime Investment Linked) Award went to AMP (MyNorth Lifetime Deferred Income) which provides deferred income that is linked to selected investment options and which continues for life.
The Innovation (Product) Award went to Allianz (AGILE).
The Innovation Tools & Calculators Award went to AMP for the MyNorth Retirement Modelling Tool.
The Client & Adviser Technical Support Award went to Generation Life for its in-depth, ongoing support for advisers.
| Award | Winner | Product |
| Overall Longevity Provider of the Year | Challenger | |
| Client & Adviser Technical Support | Generation Life | |
| Innovation - Product | Allianz | AGILE |
| Innovation Tools & Calculators | AMP | MyNorth Retirement Modelling Tool |
| Longevity Product - Deferred Lifetime Guaranteed Income | Challenger | Liquid Lifetime Annuity - Deferred Payments |
| Longevity Product - Deferred Lifetime Investment Linked | AMP | MyNorth Lifetime Deferred Income |
| Longevity Product - Lifetime Guaranteed Income | Challenger | Liquid Lifetime Annuity - Immediate Payments |
| Longevity Product - Lifetime Investment Linked | Generation Life | LifeIncome |
| Wholesale Longevity Product | TAL | Retirement Income Solutions |
Press release originally published at: www.pflresearch.com/news/2023/12/12/challenger-wins-overall-longevity-provider-of-the-year-award-2023
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About Plan For Life
Plan For Life is a premium research and analytics line of business under ISS Market Intelligence that specialises in the fact-based measurement and analysis of Australian and New Zealand retail and wholesale financial services, investment, retirement and life insurance industries. With focus on competitive intelligence, analysis of key trends and market measurement, we harness and illuminate the critical data our clients need to formulate effective business strategies.
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Julian Clarkstone
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