Philip Saunders: Why cautious investors should consider protected strategies

With equity markets and other asset classes heading to ever dizzier heights, investors are confronted with a dilemma: they need secure savings to fund future needs and liabilities but that security carries a high cost. This is because inflation rots your savings. At almost 10 years of age, the current bull market is now the second oldest we have seen in 100 years. Fundamental conditions remain supportive for now and the global economy is enjoying a period of synchronised expansion, boosting company earnings; but interest rates are on the rise. This will eventually remove the strong ta...