ASX Announcements
Notification of cessation of securities - CGF
Appendix 3H (Notification of cessation of securities)
- Jan 8, 2025
- 4 pages
September 2024
- Opinion
- Chanticleer
How to fix the dearth of retirement options
It is clear that Australians need better retirement-income products. Annuities make some sense, yet their uptake is low. But change looks to be on the horizon.
- Anthony Macdonald
Apollo sell-down wipes $530m from Challenger
Investors and analysts are blaming the rout on what they claim are overblown concerns over the future of Challenger’s relationship with the private equity giant.
- Lucas Baird
Apollo selling $460m stake in Challenger; GS, Jarden on trade
“Apollo’s decision to reduce its ownership in Challenger supports redeployment of capital to support growth opportunities in other markets,” the term sheet says.
- Sarah Thompson, Kanika Sood and Emma Rapaport
August 2024
- Results Wrap
- Chanticleer
How Temple & Webster won day two of profit season
CSL was the headline result, but it was Seek which was hit hardest on results day. Here’s what caught our eye.
- James Thomson and Anthony Macdonald
Challenger sales boosted by anxious retirees
The financial services firm says it’s on track to meet its long-term return targets as higher rates and cost-of-living pressures fuel sales of annuities.
- Jonathan Shapiro
July 2024
- Exclusive
- Retail property
Challenger sells Tasmanian mall for record price
The wealth giant has sold Channel Court, which is the largest sub-regional mall south of the Hobart CBD, for $82.5 million.
- Campbell Kwan
May 2024
Not just cruises: Boomers direct spending to kids and grandkids
Financial advisors report many over-65s are helping family members rather than splurging – though travel is a thing.
- Joanna Mather and Lucy Dean
February 2024
- Opinion
- Chanticleer
What we learnt from CSL, Challenger, Seek and Breville’s results
Investors in CSL and Breville have growth questions on their mind, while Seek’s downgrade sent shares skidding. Meanwhile, at Challenger, a bro-mance is brewing.
- James Thomson and Anthony Macdonald
Challenger profit up as customers locked in for longer
Challenger shares jumped as the retirement products provider said more customers were opting for its higher margin longer annuities.
- Jonathan Shapiro
December 2023
‘This time it’s different’ for notoriously unloved annuities
Australians in defined benefit schemes are increasingly choosing lifetime income streams over lump sums.
- Joanna Mather and Hannah Wootton
August 2023
- Opinion
- Chanticleer
Challenger’s high interest rate party may be over
Challenger has strong winds at its back, but disappointed investors with its earnings guidance. That is not what the company needed.
- Anthony Macdonald
Challenger guides for growth as Boomers drive annuity sales higher
The desire to inflation-proof retirement income supported 56 per cent growth in Australian annuity sales as the funds manager navigated rising risk-free rates.
- Tom Richardson
May 2023
Why this CEO likes hiring people whose careers have taken a hit
Nick Hamilton, chief executive of financial services company Challenger, has faced his own challenges. He answers our CEO Q&A.
- Sally Patten
This CEO wanted to be a pilot – now he runs a $4b investment company
Challenger chief executive Nick Hamilton was going to follow his father and take to the sky, but was acutely aware his dad had missed out on numerous family celebrations.
- Sally Patten
April 2023
The deal with Challenger that sent this stock flying 15pc higher
The deal for Elanor matches its real estate prowess with Challenger’s large capital-raising platform and property portfolio. Elanor’s stock jumped on the news.
- Nick Lenaghan
February 2023
Super funds look to infrastructure, fixed income for inflation hedge
The investment focus comes as some super funds fail to meet their benchmarks for two years running after the pandemic and subsequent economic downturn.
- Hannah Wootton
Annuities are back as rate rises offer boon to retirees
Retail investors are flooding back into annuities as the highest interest rates on offer in a decade wake the moribund retirement income market, which lets retirees tap into their wealth before they die.
- Aleks Vickovich, Lucy Dean and Jonathan Shapiro
- Opinion
- Chanticleer
Why the Challenger CEO loves higher interest rates
Rising interest rates mean that Challenger is offering the highest annuity rates in a decade, and retail investors are flocking.
- James Thomson
January 2023
Challenger lures RBA’s Jonathan Kearns as chief economist
Jonathan Kearns, the RBA’s head of domestic markets, will join the group’s investment committee, bringing his quarter-century of macroeconomic expertise.
- Ronald Mizen
November 2022
Market uncertainty lingers as Challenger repays tier two bond
The prudential regulator has sanctioned Challenger’s refinancing of a $400 million bond, but there are still doubts about its position on capital securities.
- Jonathan Shapiro