Investment manager Challenger says its business may benefit from the share market’s current volatility.

A large part of the company’s business is annuities – which provide fixed income for retirees.

Chairman Peter Polson said Challenger could use to its advantage the uncertainty in the share market caused by September’s heavy falls.

“It reminds our customers and potential customers of the value of guaranteed annuities, where return is fixed at the outset and not impacted by market fluctuations,” he told the company’s annual general meeting.

The company said it still expected its annuity book to grow by between 12 and 14 per cent in 2014/15, and cash operating earnings in the annuity business to rise by about 12 per cent to a range of $535 million to $545 million.

Challenger shares were down 9.5 cents at $6.695 at 1445 AEDT.