Products June 4, 2009

Great-West Introduces New Target-Date Funds

June 4, 2009 (PLANSPONSOR.com) - Great-West Retirement Services has announced the launch of the Maxim Lifetime Asset Allocation Series.
Reported by

According to a press release, the Maxim Lifetime Asset Allocation Series provides:

  • Three glide paths,
  • A lifetime investing approach,
  • Third-party consultation,
  • 20 investment managers,
  • 28 underlying funds, and
  • A blend of active and passive investment management.

“We waited until now to introduce a target-date product because we wanted to redefine and enhance the target-date fund category,” said Charlie Nelson, president of Great-West Retirement Services, in the press release. “Through the passage of time and the benefit of 20/20 hindsight, it became clear that first generation target date funds have some limitations. The Maxim Lifetime Asset Allocation Series addresses those concerns.”

For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.

More information is at www.gwrs.com .

«