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CIGNA Tailors Funds For Specific Age Groups

By Staff Writer

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NU Online News Service, March 5, 2003, 4:46 p.m. EDT – The retirement services arm of CIGNA Corp., Philadelphia, has introduced the Retirement Goal Funds, a family of balanced investment options designed for retirement savers in specific age ranges.

The family includes funds designed for workers preparing to retire around 2010, 2020, 2030 and 2040.

Each fund includes a combination of stocks and bonds, with the funds aimed at younger savers offering a more aggressive mix and the funds aimed at older savers offering a more conservative mix. The composition of each fund will shift more toward bonds as the savers age, CIGNA says.

CIGNA is also offering a fifth fund, the Retirement Goal Income Fund, for workers nearing or already at retirement.