POWERED BY MOMENTUM MEDIA
NGS Super to offer new retirement income product in latest partnership
The $16 billion fund has teamed up with a retirement income product specialist to give its members more confidence to spend in retirement.
NGS Super has partnered with Challenger to offer a guaranteed lifetime income option for its members through a group annuity from 2026.
The fund, which has some 32,000 members over the age of 55, noted on Tuesday the new partnership will offer members approaching retirement greater certainty by blending an account-based pension with a guaranteed, regular income for life.
Natalie Previtera, NGS chief executive, described the partnership with Challenger as a “natural fit”.
“We share similar values and goals and want to help members create their best retirement,” Previtera said.
“Helping our members retire with confidence is a key priority for us. Partnering with Challenger strengthens our ability to deliver on that goal, combining personalised service, simple education, and smart digital advice to make lifetime income easier to understand and access.”
Challenger’s CEO Nick Hamilton added that, amid rising living costs and ongoing market volatility, many retirees today live with the real concern of outliving their savings.
“We’re delighted to partner with NGS to support its members retire with greater confidence and financial security,” Hamilton commented.
“Guaranteed lifetime income gives retirees confidence to spend, knowing their income is secure for life, and can be protected against inflation and market ups and downs.
“Together with NGS’s investment excellence and commitment to members’ outcomes, this partnership offers retirees a genuine pay cheque for life.”
Last week NGS also provided an update on its portfolio positioning on the back of increased market uncertainty, led by the flurry of tariff announcements coming out of the US.
“Our priority is building a resilient portfolio (Diversified MySuper) that can navigate different market environments, such as heightened volatility and equity downturns. By diversifying across asset classes, NGS does not rely solely on share markets for returns,” chief investment officer Ben Squires wrote in the market note.
“Our disciplined approach ensures capital preservation while still participating in long-term market growth. Our priority remains protecting and growing members' wealth. So, when markets turn volatile, our portfolio is well-positioned.”
Notably, Squires said that the fund has maintained a smaller exposure to the US relative to the market benchmark weight held in US companies.
“This has reduced the impact on the portfolio. Our international share portfolio has declined only 3.87 per cent since February 19 to 26 March 2025, this is compared to a 7.03 per cent drop in the S&P 500 over the same period.”
AUTHOR
Jessica Penny
Recommended for you
The super fund-owned institutional investment manager has appointed an internal candidate as its next head of operations.
The $91 billion fund has doubled down on its data security, alongside enhancing its investment strategy, with two key appointments.
The Albanese government has appointed Jim Craig as a member of the Future Fund Board of Guardians for a five‑year term.
The $100 billion fund has appointed a new deputy CIO from within.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
