mp3bu

Isn't lifestyle protecttion strategy concerned with trying to make sure you enjoy the current standard of living, thus as tiddly said, having to beat inflation and meeting liabililities. Doesn't this use surplus volatility, correct me if I am wrong. I think there was a graph that would show the surplus during the life time of the client or something.

Fixed-horizon would be more of the client's desire to have a specified amount at a point of time in the future. So, you follow a strategy using a zero-coupon bond that guarantees you that amount plus use active management if possible.

Hmm.. hope I am right on the above.