Take a step back and see the last FUM update, impressive...

Take a step back and see the last FUM update, impressive results, and gearing up for more growth from the last cap raising, cgf I believe will position itself for more pieces of the smsf pie, small hiccup unless more legislation goes against us, the readjusted growth book value will need to be announced asap

15/10/2014

Total group assets and funds under management at 30 September 2014 were $54.2 billion, an increase of $3.5 billion or 7% for the quarter and $8.1 billion or 18% up on the prior corresponding period (pcp).
Funds Management FUM increased by $5.5 billion or 12% for the quarter to reach $52.6 billion at 30 September 2014, while Life’s annuity sales were up 8% on the pcp, and comprised retail annuity sales of $690 million and institutional annuity sales of $98 million

Challenger’s Chief Executive Officer Brian Benari said: “Challenger is now a $54 billion investment manager and recording growth across its ‘super saving’ and ‘super spending’ businesses.
“Over the quarter we were pleased to see a 35% rise in lifetime annuity sales compared with this period last year, lifting lifetime’s share of our overall retail annuity sales to 23%. We expect Australia’s Baby Boomers will continue to seek protection from longevity, market and inflation risks while also seeking to maximise any age pension entitlements.
“In response to this expected demand we’re intending to make annuities widely available on investment platforms and today announce a relationship with Colonial First State by which Challenger annuities will be made available to customers of the FirstChoice and FirstWrap platforms by June 2015”.