Among the most rapidly growing investment companies of late are lifecycle funds that seem to be gradually replacing more traditional pension plans.

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Lifecycle funds, also known as target-date funds, have become increasingly popular as a retirement investment option due to their automatic rebalancing feature, which adjusts the asset mix as the target retirement date approaches. This simplicity and hands-off approach make them an attractive alternative to traditional pension plans, which are becoming less common due to their cost and complexity for employers.

Among the Most Rapidly Growing Investment Companies of Late Are