AllianceBernstein Expands Lifetime Income Platform with Fixed Annuity Version of Secure Income Portfolio

Rhea-AI Summary

AllianceBernstein (NYSE: AB) announced on October 16, 2025 a fixed annuity version of its Secure Income Portfolio (SIP) for Defined Contribution plans.

The solution uses an allocation to a fixed annuity issued by an insurance subsidiary of Corebridge Financial to provide guaranteed lifetime income, principal protection, and steady asset growth while preserving participant access to savings. AllianceBernstein said this expands its Lifetime Income Strategy (LIS) lineup, which received a Department of Labor advisory opinion last month confirming LIS can serve as a qualified default investment alternative (QDIA). AB reports approximately $13B in assets under management in lifetime income solutions.

Positive

• Department of Labor advisory opinion validating LIS as QDIA (issued last month)
• $13B assets under management in lifetime income solutions
• Fixed annuity option provides guaranteed lifetime income while preserving participant liquidity

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• None.

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.

"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."

The solution also provides participants with guaranteed retirement income, while maintaining access to their savings at any time, without forfeiting control.

The fixed annuity guarantee is issued by an insurance company subsidiary of Corebridge Financial, Inc.ⁱ

"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."

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 QDIA.

As an industry leader with approximately $13B in assets under managementⁱⁱ in lifetime income solutions, AB specializes in designing innovative investment strategies that help retirement savers be better prepared for the future. AB and Equitable, the retirement subsidiary of AB's parent company Equitable Holdings, were early pioneers in the secure guaranteed income market. Equitable serves as one of the participating insurers in AB's Lifetime Income Strategy (LIS), which launched in 2012.

Today's announcement builds on AB's lifetime income platform, which in addition to LIS, consists of the AB Secure Income Portfolio available separately as a Collective Investment Trust, and now this alternative version for plan sponsors to consider.

About AllianceBernstein

AllianceBernstein is a leading global investment management firm that offers diversified investment services to institutional investors, individuals, and private wealth clients in major world markets. As of September 2025, AllianceBernstein had $860 billion in assets under management. Additional information about AB may be found on our website, www.alliancebernstein.com.

This material is general in nature, was developed for educational use only, and is not intended to provide financial, legal, fiduciary, accounting or tax advice, nor is it intended to make any recommendations. Applicable laws and regulations are complex and subject to change. Please consult with your financial professional regarding your situation. For legal, accounting or tax advice consult the appropriate professional.

Fixed Annuities are long-term insurance products designed for retirement. Withdrawals may be subject to withdrawal charges and federal and/or state income taxes. A 10% federal early withdrawal tax penalty may apply if taken before age 59 1/2.

The availability of IncomEdge® Control Flex will vary by state. Contract terms and conditions are subject to regulatory approval.

ⁱ IncomEdge® Control Flex is a group fixed unallocated annuity issued by The Variable Annuity Life Insurance Company (Houston, TX) on policy forms VG-814 (7/25), VG-814-DP (7/25) and VL 40934 VER 8/2025.
All guarantees are based on the claims paying ability of the issuing insurance company.
ⁱⁱ Assets under management as of June 30, 2025.

 

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SOURCE AllianceBernstein

FAQ

What did AllianceBernstein announce on October 16, 2025 regarding lifetime income (AB)?

AllianceBernstein announced a fixed annuity version of its Secure Income Portfolio to deliver guaranteed lifetime income for DC plan participants.

Which insurer issues the fixed annuity in AllianceBernstein's new SIP (AB)?

The fixed annuity guarantee is issued by an insurance company subsidiary of Corebridge Financial.

Does the new Secure Income Portfolio option affect participant access to savings (AB)?

Yes; the announcement states participants retain access to their savings at any time without forfeiting control.

Did regulators provide any guidance on AllianceBernstein's Lifetime Income Strategy (AB)?

Yes; the Department of Labor issued an advisory opinion last month validating that LIS meets QDIA requirements.

How large is AllianceBernstein's lifetime income business (AB)?

AllianceBernstein reports approximately $13B in assets under management in lifetime income solutions.

How does the fixed annuity SIP fit into AllianceBernstein's product lineup (AB)?

The fixed annuity SIP is an alternative version of the Secure Income Portfolio, complementing LIS and the SIP Collective Investment Trust for plan sponsors.