AllianceBernstein Welcomes Pacific Life to Enhance Retirement Income Solutions

On July 22, 2025, AllianceBernstein L.P. (NYSE: AB), a prominent global investment management firm, announced the addition of Pacific Life to its multi-insurer platform, aimed at bolstering lifetime income solutions for large Defined Contribution (DC) plans. This development marks another stride in AllianceBernstein's ongoing efforts to improve retirement income capabilities for its clients.

A Commitment to Retirement Solutions

AllianceBernstein's lifetime income platform is built around two main components: the Lifetime Income Strategy (LIS), which is a target-date portfolio providing flexible guaranteed income options, and the AB Secure Income Portfolio, part of the LIS offering and also available as a Collective Investment Trust (CIT). Currently, the Lifetime Income Strategy manages around $12 billion in assets, including $4.5 billion dedicated to secured income.

Jennifer DeLong, AB’s Head of Defined Contribution, remarked, "Since 2012, AllianceBernstein has been a trailblazer in offering flexible lifetime income solutions in the DC market. Our constant evolution over the last decade demonstrates our commitment to fulfilling our clients’ needs and enhancing our innovative multi-insurer platform." The collaboration with Pacific Life reflects this commitment, showcasing AB's blend of cutting-edge technology and extensive industry experience.

Pacific Life’s Role and Contributions

Pacific Life's inclusion as an insurer within both the LIS and the AB Secure Income Portfolio CIT presents unique benefits for DC plan sponsors. This partnership not only allows plan sponsors greater flexibility in implementing lifetime income solutions but also safeguards participants' retirement funds through reliable income streams. Karen Neeley, Senior Vice President of the Institutional Retirement Solutions Group at Pacific Life, shared her enthusiasm about the collaboration, stating, "This is a significant step in our mission to deliver improved retirement outcomes for defined contribution participants."

The partnership aims to meet the diverse requirements of plan sponsors and their employees, enhancing financial security while ensuring that participants can retire with confidence.

Benefits of a Multi-Insurer Structure

The multi-insurer approach pioneered by AB is set to deliver competitive withdrawal rates while effectively managing risks. This structure benefits both participants and plan fiduciaries, offering potential for sustainable income options in the future. Other insurers currently engaged in the program include established names such as Equitable, Jackson National Life Insurance Company, Lincoln National Life Insurance Company, and Nationwide Life Insurance Company.

AB's suite of lifetime income solutions is available on three distinct recordkeeping platforms as part of its strategy for ongoing expansion, ensuring accessibility to a broader audience. For in-depth information, interested parties can visit alliancebernstein.com.

About AllianceBernstein and Pacific Life

AllianceBernstein stands as a leading global investment management firm, proficient in delivering diversified investment services tailored to institutional investors, individuals, and private wealth clients across major markets. As of June 2025, it had an impressive $829 billion in assets under management.

Pacific Life, on the other hand, offers a range of products and services aimed at helping individuals and businesses achieve financial stability. With an operational history spanning nearly 160 years, the Fortune 500 company headquartered in Newport Beach, California, provides innovative life insurance, annuity solutions, and mutual funds designed to add value for current and future generations.

Conclusion

The integration of Pacific Life into AllianceBernstein’s offerings represents a pivotal moment for the financial services landscape, setting a new benchmark for retirement income solutions. By prioritizing innovation and collaboration, both firms are well-positioned to advance financial security for a diverse array of clients, paving the path for a confident retirement for thousands of individuals across the globe.