Pacific Life Launches CIT Series to Turn Retirement Savings into Lifetime Income
Event summary
- Pacific Life launched Income Horizon™, a retirement income-focused collective investment trust (CIT) series on June 18, 2026.
- The series is designed to help defined contribution (DC) plan participants accumulate guaranteed lifetime income during their retirement savings journey.
- Matrix Trust Company, a subsidiary of Broadridge Financial Solutions, provides the CIT structure and serves as the discretionary trustee.
- Income Horizon uses clearly defined income units representing specific amounts of guaranteed lifetime income.
- The series is available through the National Securities Clearing Corporation (NSCC).
The big picture
Pacific Life's Income Horizon™ series addresses the growing demand for retirement income solutions within defined contribution plans. By leveraging collective investment trusts, Pacific Life aims to make lifetime income a distinct asset class, aligning with broader industry trends toward scalable, income-focused retirement products. The launch reflects the increasing preference for CITs in DC plans, offering a structured approach to transitioning from savings to retirement income.
What we're watching
- Adoption Pace
- The pace at which plan sponsors and advisors integrate Income Horizon into existing DC plans.
- Market Response
- How competitors respond to Pacific Life's move to institutionalize lifetime income as an asset class.
- Regulatory Scrutiny
- Whether regulatory bodies scrutinize the structure and guarantees of Income Horizon.
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