AllianceBernstein pushes into SME market

IFA network's new master-trust aimed at "Middle England" as pension reforms take in smaller companies this year

AllianceBernstein has continued its winning streak in the UK's developing defined-contribution pensions market, picking up the management mandate for a new pension plan being set up by an IFA network, the Lighthouse Group.

For AllianceBernstein, it is the first business won through a tie-up with consulting firm, Elston Consulting, as the manager targets new pensions clients among the UK's small businesses - helped by government reforms that are obliging SMEs to set up pension schemes over the period to 2018.

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