We look at the dynamics of pricing cliquet options on the construction of long-term products mostly seen in the retirement space, and why they have lost weight and presence in the market
Many investors need long-term solutions for capital growth or income with controlled risk. This is particularly true for investors seeking retirement solutions having built up a portfolio over time. The typical profile is someone ten to fifteen years from retirement seeking to extract some further gains from their portfolio but turning their focus to income generation and capital preservation. The fund management world and those using a broker or platform for self-investment have adopted severa