Pacific Life Unveils Income Horizon™ for Guaranteed Retirement Income

Pacific Life has unveiled the Income Horizon™, a series of collective investment trusts (CITs) designed to aid defined contribution (DC) plan participants in securing guaranteed lifetime income as part of their retirement strategy. Managed by Matrix Trust Company, a subsidiary of Broadridge Financial Solutions, this initiative paves a structured pathway for participants to generate future income through their working-year contributions.

The Income Horizon series facilitates a smooth conversion of retirement savings into lifetime income payments by strategically allocating a portion of ongoing contributions. This approach offers participants predictability and clarity in transitioning from savings to income, with built-in measures for liquidity and security.

“As demand for retirement income solutions escalates, plan sponsors and advisors are pursuing scalable ways to transform savings into lifetime income,” stated Karen Neeley, head of Pacific Life's Institutional Retirement Solutions Group. Christine Bass, leader of Defined Contribution Lifetime Income at Pacific Life, noted the growing indispensability of CITs in DC plans, particularly due to their efficiency in integrating lifetime income as a strategic asset class.

Matrix Trust Company provides the CIT governance, fiduciary oversight, and infrastructure support to ensure effective implementation and management of the Income Horizon series. Joe Matarazzo from Broadridge highlighted the increasing industry need for practical retirement income solutions that can be broadly adopted within the DC plan ecosystem.

Income Horizon differentiates itself from other income solution models by offering participants clear and defined income units, facilitating precise financial planning. Available through the National Securities Clearing Corporation (NSCC), interested plan sponsors or advisors can contact their Pacific Life representative for further information.

For more about Pacific Life, visit www.PacificLife.com. With over 150 years in the insurance industry, the company provides a wide array of products to secure financial futures for individuals and businesses across diverse markets. Pacific Life's CIT offerings are subject to regulatory approvals and may vary by state.

Broadridge Financial Solutions supports global financial services through technology-driven platforms, ensuring operational efficiency and growth. An affiliate, Matrix Trust Company, specializes in services for retirement plans, leveraging its extensive experience in the financial sector to support clients' fiduciary responsibilities effectively.