As President Bush pushes the issue of retirement investing to the forefront with his plan to partly privatize Social Security, leading fund complexes are responding to the heightened awareness by rolling out a number of new products.

The product push began in most part with Fidelity Investments' VIP, or Variable Insurance Product, Freedom Funds, a series of seven actively managed lifecycle portfolios designed to help investors choose an asset allocation strategy that matches their stage in life and expected retirement date. The VIP Freedom Funds, announced last month by the Boston-based fund giant, are offered as an investment option within the variable insurance products within insurance companies.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.