AllianceBernstein Choses Multrees as Custody Provider

AllianceBernstein has selected Multrees to act as the administration and custody provider for its retirement transition income solution.

The income solution, known as Retirement Bridge, offers an additional source of income during the early stages of pensions reductions.

“[Multrees allows] us to offer a solution that all defined contribution scheme members between [the ages of] 55 to 75 can access… irrespective of the amount of their pension savings,” says David Porter, head of pensions investment delivery at AllianceBernstein.

“We see a huge opportunity as asset managers look to develop bespoke solutions for retirees that are cost-efficient, even for small pension pots, flexible and scalable,” Fisher adds.