Great-West Retirement Services has launched the Maxim Lifetime Asset Allocation Series of funds.

The target-date funds offer a menu of 28 underlying funds, “glide paths” that can suit the needs of investors with different levels of risk tolerance, a team of 20 investment managers, and a mixture of active and passive management, according to Great-West, Greenwood Village, Colo.

Great-West is a unit of Great-West Life & Annuity Insurance Company, which is, in turn, a unit of Power Corp. of Canada, Montreal.