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Challenger ( (AU:CGF) ) has provided an update.
Challenger Limited has expressed strong support for APRA’s proposed capital standards for longevity products, which aim to enhance Australia’s retirement income market by reducing capital requirements and promoting innovation. These reforms are expected to improve Challenger’s financial resilience, reduce procyclicality during market stress, and drive growth in the lifetime income market, benefiting retirees and the broader community.
The most recent analyst rating on (AU:CGF) stock is a Hold with a A$9.50 price target. To see the full list of analyst forecasts on Challenger stock, see the AU:CGF Stock Forecast page.
More about Challenger
Challenger Limited is an investment management firm focused on providing financial security for retirement. It operates a fiduciary Funds Management division and an APRA-regulated Life division, with Challenger Life Company Limited being Australia’s largest provider of annuities.
Average Trading Volume: 1,745,834
Technical Sentiment Signal: Buy
Current Market Cap: A$6.1B
Find detailed analytics on CGF stock on TipRanks’ Stock Analysis page.