"...their excuse is lower profits because the stock market is...

"...their excuse is lower profits because the stock market is down? Wtf?"

Yeah, that's right.
Are you not conversant with the accounting standards?


"...image if there was a stock market crash, like I'm predicting, would this company
get totally wiped out if most of their investors decided to pull their money
out of challengers funds?"

Yes, absolutely!
If investors pulled all their money out of Challenger's funds, the company would get wiped out. Totally wiped out.

Just like:

Woolworths would get wiped out if people stopped buying groceries, or
CBA would get wiped out if depositors all demanded their capital back at the same time, or
BHP would get wiped out if China stopped manufacturing stuff, or
Transurban would get wiped out if people stopped driving their cars.
Etc.
Etc.

A bit tricky to invest on those sorts of outcomes potentially eventuating, though, isn't it?


By the way, when do you think that stock market crash, which you are predicting, will commence?

..