PT  - JOURNAL ARTICLE
AU  - Cees Dert
AU  - Michiel Lodewijk
AU  - Bart Oldenkamp
AU  - Michiel de Pooter
TI  - The Design and Production of New Retirement Savings Products
AID  - 10.3905/jpm.2003.319890
DP  - 2003 Apr 30
TA  - The Journal of Portfolio Management
PG  - 123--126
VI  - 29
IP  - 3
4099  - https://pm-research.com/content/29/3/123.short
4100  - https://pm-research.com/content/29/3/123.full
AB  - An earlier contribution to this journal implied that protective floor investment strategies in defined-contribution pension investments beat investments in traditional asset mixes, with respect to both the probability of achieving a minimum target level of future pension income and the expected level of future pension income. These commentators show that protective floor strategies may be attractive to loss-averse investors, but they do not beat traditional investments simultaneously on expected pension income and on the probability of achieving the target pension income.