ABSTRACT
Acknowledgements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 242
References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 243
I N RECENT YEARS THERE HAS BEEN A SIGNIFICANT GROWTH of investment products aimed atattracting investors who are worried about the downside potential of the financial markets for pension investments. The main feature of these products is a minimum
guaranteed return together with exposure to the upside movements of the market.
