AllianceBernstein Enhances Retirement Income Capabilities with Pacific Life Partnership.

AllianceBernstein expands its lifetime income platform with Pacific Life partnership, enhancing retirement solutions for large Defined Contribution plans. The collaboration will offer flexible and competitive income streams for plan participants, aligning with AB's strategy to diversify its offerings in the growing retirement income sector.

AllianceBernstein L.P. (AB) has bolstered its retirement income offerings by adding Pacific Life as a new insurer to its multi-insurer platform, designed to deliver lifetime income solutions to large Defined Contribution (DC) plans. This strategic move is the latest in AB's ongoing expansion of its retirement income capabilities, which began in 2012 when the firm pioneered flexible lifetime income solutions for the DC market.

AB's lifetime income platform comprises the Lifetime Income Strategy (LIS) and the AB Secure Income Portfolio. The LIS is a target-date portfolio with a flexible guaranteed income option, while the AB Secure Income Portfolio is available separately as a Collective Investment Trust (CIT). As of June 2025, the LIS managed approximately $12 billion in assets, including $4.5 billion in secured income [1].

The addition of Pacific Life to both LIS and the AB Secure Income Portfolio CIT enhances AB's multi-insurer structure, which benefits participants and plan fiduciaries by producing more competitive withdrawal rates, mitigating risk, and allowing for continued capacity into the future [2]. Pacific Life joins other major insurers such as Equitable, Jackson National Life, Lincoln National Life, and Nationwide Life Insurance Company in AB's platform [3].

Pacific Life's addition aligns with AB's commitment to providing secure income streams in retirement while maintaining participants' control over their accounts and the opportunity for asset growth. This collaboration reflects Pacific Life's ongoing commitment to offering lifetime income solutions that meet the diverse needs of plan sponsors and their employees [4].

The expansion of AB's lifetime income solutions across three recordkeeping platforms, with plans for further expansion, demonstrates the firm's dedication to scaling this business line and addressing the growing demand for retirement income solutions within defined contribution plans. For investors, this partnership signals AB's continued focus on developing its retirement solutions business, potentially driving future asset growth and fee revenue in a market segment with significant long-term growth potential.

References:

[1] https://www.marketscreener.com/news/alliancebernstein-l-p-adds-pacific-life-as-new-insurer-l-p-to-its-multi-insurer-lifetime-income-pl-ce7c5cddd98df527
[2] https://401kspecialistmag.com/alliancebernstein-adds-pacific-life-to-lifetime-income-solutions-platform-for-large-dc-plans/
[3] https://www.stocktitan.net/news/AB/alliance-bernstein-adds-pacific-life-as-new-insurer-to-its-multi-lcb4j9obltxl.html
[4] https://www.prnewswire.com/news-releases/alliancebernstein-adds-pacific-life-as-new-insurer-to-its-multi-insurer-lifetime-income-platform-302510088.html