AllianceBernstein Adds Pacific Life to Lifetime Income Solutions Platform for Large DC Plans
AllianceBernstein’s continued expansion of its retirement income capabilities took another step forward with today’s announcement that it has added Pacific Life to back its multi-insurer platform delivering lifetime income solutions to large Defined Contribution (DC) plans.
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.
“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.”
Pacific Life is being added as an insurer to both LIS and the AB Secure Income Portfolio CIT.
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.
“This is a significant step in our mission to create better retirement outcomes for defined contribution participants,” said Karen Neeley, senior vice president, Institutional Retirement Solutions Group at Pacific Life. “The collaboration with AllianceBernstein reflects our ongoing commitment to providing lifetime income solutions that meet the diverse needs of plan sponsors and their employees. We’re excited to advance this effort as part of AB’s innovative lifetime income platform, helping more individuals retire confidently.”
AB’s lifetime income solutions are available on three recordkeeping platforms, with plans for expansion.
AB’s multi-insurer structure benefits participants and plan fiduciaries by producing more competitive withdrawal rates, mitigating risk, and allowing for continued capacity into the future. The other participating insurers in the program may include Equitable, Jackson National Life Insurance Company, Lincoln National Life Insurance Company, and Nationwide Life Insurance Company.
As of June 2025, Nashville-based global investment management firm AllianceBernstein had $829 billion in assets under management.
Headquartered in Newport Beach, Calif., Pacific Life is a Fortune 500 company providing a variety of products and services designed to help individuals and businesses achieve financial security.
SEE ALSO:
• AllianceBernstein Expands Retirement Income Suite
• T. Rowe Price, Pacific Life Partner on New In-Plan Lifetime Income Solution
• How Using Guaranteed Lifetime Income Research Can Grow Your Book of Business
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
