• APRA announces final changes to capital standard settings for providers of longevity products
• Changes will support greater take up of lifetime income products as more Australians retire
• Lowers required capital levels and reduces cyclical risks to Challenger's capital position

Challenger Limited (ASX:CGF) welcomes APRA's announcement on the final changes to capital standard settings for providers of longevity products. The changes, which are due to come into effect from 1 July 2026, are an important step in developing Australia's retirement income market and will support greater take up of lifetime income products as an increasing number of Australians retire every year. Challenger Managing Director and Chief Executive Officer, Nick Hamilton, commented that the changes represent the biggest changes for providers of longevity products in a generation. For Challenger, it will lower the levels of required capital and cyclical risks to their capital position during times of market stress, while maintaining policyholder security. Challenger is working through the details of the final capital standards for longevity products and will provide further detail on how the changes relate to the business at the Investor Day to be held on Tuesday 26 May 2026.