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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.
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.
Posted In: AB
