Multrees Investor Services has been selected to provide administration and custody services for AllianceBernstein’s retirement income solution, Retirement Bridge.
Designed to be low-cost, flexible and sustainable, Retirment Bridge deals with the early stages of pensions decumulation.
David Porter, head of pensions investment delivery at AllianceBernstein said: “Retirement Bridge, built as a separately managed account service, needs effective, efficient administration and custody support.”
He added: “We selected Multrees as they provided the best technology and service combination allowing us to offer a solution that all defined contribution scheme members between 55 and 75 can access cost-effectively, irrespective of the amount of their pension savings.”
Chris Fisher, founder and CEO of Multrees Investor Services, said: “By partnering with Multrees, AllianceBernstein has found a unique way to deliver a private client level of service within an institutional investment environment.”
“We are pleased to be supporting this smart innovation in a growing area – pensions decumulation. 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.”
