Multrees is chosen by AllianceBernstein as administration and custody provider

20 April 2015

·        Multrees is selected as the provider for AllianceBernstein's innovative, low cost income solution for individuals transitioning into retirement

·        The income solution is known as Retirement Bridge℠

Multrees has been selected as the provider of administration and custody for AllianceBernstein's retirement income solution Retirement Bridge℠. Billed as the UK's first low-cost, flexible, default retirement income solution, Retirement Bridge℠ offers a sustainable income solution in the early stages of pensions decumulation.

"Retirement Bridge℠, built as a separately managed account service, needs effective, efficient administration and custody support," according to David Porter, Head of Pensions Investment Delivery at AB. "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 to 75 can access cost-effectively irrespective of the amount of their pension savings."

Founder and CEO of Multrees Investor Services, Chris Fisher commented: "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."

For further information on Retirement Bridge℠ see: