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AllianceBernstein adds Pacific Life as New Insurer to its Multi-Insurer Lifetime Income Platform
AllianceBernstein L.P. ("AB") (NYSE: AB), a leading global investment management firm, announced today it has added Pacific Life to back its multi-insurer platform delivering lifetime income solutions to large Defined Contribution (DC) plans.
About this update from Alliancebernstein Holding L.p.
[{"type":"text","content":"NASHVILLE, Tenn., July 22, 2025 /PRNewswire/ -- AllianceBernstein L.P. ("AB") (NYSE: AB), a leading global investment management firm, announced today it has added Pacific Life to back its multi-insurer platform delivering lifetime income solutions to large Defined Contribution (DC) plans.","length":300,"tagName":"p"},{"type":"text","content":"Today's announcement with Pacific Life is the latest in the global asset management firm's continued expansion of its retirement income capabilities. AB's lifetime income platform consists of the Lifetime Income Strategy (LIS), a target-date portfolio with a flexible guaranteed income option, and the AB Secure Income Portfolio, which is a component of LIS and also available separately as a Collective Investment Trust (CIT). The Lifetime Income Strategy has approximately $12 billion* in assets under management, including $4.5 billion in secured income.","length":569,"tagName":"p"},{"type":"text","content":""In 2012, AllianceBernstein was one of the first asset managers to offer a flexible lifetime income solution to the DC market," said AB's Head of Defined Contribution Jennifer DeLong. "For more than a decade, we've continued to adapt to our clients' needs and enhance our distinctive, multi-insurer platform. Our firm's state-of-the-art technology, innovation, and extensive experience enable us to partner with several insurers – and we are delighted to continue our evolution with the addition of Pacific Life."","length":549,"tagName":"p"},{"type":"text","content":"The AB Secure Income Portfolio provides DC plan sponsors with the flexibility to implement lifetime income in several ways to meet plan sponsors' preferences. Both LIS and the stand-alone AB Secure Income Portfolio provide participants with a secure income stream in retirement, as well as control of their account, full access to their money and the opportunity for their assets to grow.","length":392,"tagName":"p"},{"type":"text","content":"Pacific Life is being added as an insurer to both LIS and the AB Secure Income Portfolio CIT.","length":93,"tagName":"p"},{"type":"text","content":""This is a significant step in our mission to create better retirement outcomes for defined contribution participants," said Karen Neeley, senior vice president, Institutional Re...