Mandy Mannix
Challenger is launching the Institute for Lifetime Income, an advocacy and insights platform focused on improving financial and longevity literacy through research, education, and informed public discussion.
With a record number – more than 250,000 Australians – retiring every year, including many with substantial superannuation balances, a new challenge is emerging in helping people turn their savings into an income that can support a longer lifespan in retirement.
The launch of the Institute brings together evidence-based research, insights, and conversations with industry experts to improve understanding of retirement income and support the development of Australia’s retirement income market at scale for the benefit of all.
Challenger’s Principal Advocate, Retirement, Mandy Mannix commented: “Challenger has been a leading contributor for many years with research, whitepapers, and policy ideas about retirement in Australia. The launch of the Institute is the next step in bringing our experience and insight together to drive our next era of advocacy.
“It’s a pivotal moment as we reach a demographic inflection point with a record number of people retiring every year – a population equivalent to the city of Wollongong. With longer life expectancies, it is not uncommon for people to now have more than 30 years in retirement, and it’s only going to increase.
“We know from our annual Challenger Retirement Happiness Index that quality of life in retirement is underpinned by good health and confidence in wealth. Solving the challenge of helping people to have financial confidence for a better retirement is a clear step we can take to improve outcomes,” she said.
The Institute provides a platform for evidence-based discussion at a time when governments, regulators, industry, and advisers are increasingly focused on retirement outcomes.
“Australia is well placed to lead globally in retirement income because we’ve already built one of the world’s most mature retirement savings systems. The next stage is ensuring people have the knowledge, confidence, and support to make the most of those savings throughout retirement.
“Better retirement outcomes won’t come from one organisation acting alone. They will come from bringing together research, lived experience, and thoughtful discussion to help Australians navigate one of life’s most significant financial transitions,” Ms Mannix said.
The Institute formalises work Challenger has been undertaking for decades, bringing together its research, policy engagement, and practical insights into retirement income under a single platform.
