Great-West Introduces New Target-Date Funds

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

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.”

More information is at .