%0 Journal Article %A Cees Dert %A Michiel Lodewijk %A Bart Oldenkamp %A Michiel de Pooter %T The Design and Production of New Retirement Savings Products %B A Comment %D 2003 %R 10.3905/jpm.2003.319890 %J The Journal of Portfolio Management %P 123-126 %V 29 %N 3 %X 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. %U https://jpm.pm-research.com/content/iijpormgmt/29/3/123.full.pdf