Following the introduction of mandatory superannuation provision in Australia, superannuation fund managers and trustees are faced with the conflicting objectives of high returns and minimal year-on-year volatility. This paper investigates whether repeat portfolio insurance implemented over the working life time of superannuation saving can offer a solution. Stochastic simulations show that the options-based strategies perform well in comparison to traditional investment practices. Strategies combining protective puts with age phasing produce the most appealing results.