Challenger Limited is an Australia-based investment management company. The Company operates through two segments: Life and Funds Management. The Life segment is focused on the retirement spending phase of superannuation, provides products that help customers convert retirement savings into safe and secure income in retirement. The Life segment includes Challenger Life Company Limited (CLC), which is an Australian Prudential Regulation Authority (APRA)-regulated life insurance company and is a provider of annuities and guaranteed retirement income products. The Funds Management segment is focused on accumulating wealth for retirement. Funds Management segment provides investment strategies. Funds Management is a fund manager of Australia and is diversified globally with operations in Europe, Japan and Singapore. The Funds Management segment comprises two business divisions: Fidante Partners and CIP Asset Management (CIPAM).