Passage of the Pension Protection Act of 2006 has stimulated the growth of lifecycle funds because it encourages businesses to set up employee pension programs even for those employees not wishing to accumulate long-term savings.

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The passage states that the Pension Protection Act of 2006 encourages businesses to set up employee pension programs even for those employees not wishing to accumulate long-term savings. This suggests that the act has stimulated the growth of lifecycle funds, which are designed to help employees save for retirement over their lifetime.

Passage of the Pension Protection Act of 2006 Has Stimulated