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.