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AllianceBernstein Expands Lifetime Income Platform with Fixed Annuity Version of Secure Income Portfolio
AllianceBernstein L.P. (AB) today announced it will provide another approach to delivering lifetime income to Defined Contribution (DC) plan participants with a new edition of AB's Secure Income Portfolio (SIP). Through an allocation to a fixed annuity, it delivers a consistent stream of guaranteed income, principal protection and steady asset growth.
About this update from Alliancebernstein Holding L.p.
[{"type":"text","content":"NASHVILLE, Tenn., Oct. 16, 2025 /PRNewswire/ -- AllianceBernstein L.P. (AB) today announced it will provide another approach to delivering lifetime income to Defined Contribution (DC) plan participants with a new edition of AB's Secure Income Portfolio (SIP). Through an allocation to a fixed annuity, it delivers a consistent stream of guaranteed income, principal protection and steady asset growth.","length":410,"tagName":"p"},{"type":"text","content":""This represents the next evolution in our lifetime income platform, enabling DC plan sponsors to have a broader set of income options from which to choose," said Jennifer DeLong, Head of Defined Contribution at AllianceBernstein. "Over our many years of experience, one thing has remained consistent — we've stayed centered on our core philosophy to focus on what matters most to participants — providing lifetime income without sacrificing control of or access to their savings, growth potential in all life stages, and flexibility to customize to the unique needs of each plan."","length":610,"tagName":"p"},{"type":"text","content":"The solution also provides participants with guaranteed retirement income, while maintaining access to their savings at any time, without forfeiting control.","length":157,"tagName":"p"},{"type":"text","content":"The fixed annuity guarantee is issued by an insurance company subsidiary of Corebridge Financial, Inc.i","length":103,"tagName":"p"},{"type":"text","content":""Corebridge is committed to helping individuals take actions that strengthen financial security leading up to and all the way through retirement," said Terri Fiedler, President of Retirement Services at Corebridge Financial. "Establishing an income strategy for retirement years is a critical step on that journey."","length":335,"tagName":"p"},{"type":"text","content":"More than a decade ago, AB launched the Lifetime Income Strategy (LIS) as a fully liquid target-date portfolio solution that integrates a Secure Income Portfolio option as a component to deliver guaranteed income to participants. LIS was designed to comply with qualified default investment alternative (QDIA) regulations and thus serve as a true default. Last month, the Department of Labor issued an Advisory Opinion validating that LIS meets the requirements to serve as a...