BNY and Alight launch integrated DC and DB retirement platform with custodial, payments, AI-driven investments
BNY•BNY and Alight have launched an integrated defined contribution and defined benefit retirement solution combining BNY’s custody, payments and bundled investment options with Alight’s recordkeeping via the Alight Worklife platform. The collaboration adds stable value, target-date, active and index funds alongside AI-driven insights and dual fiduciary oversight for plan sponsors.
1. Collaboration Overview
BNY and Alight have combined their respective strengths to create a unified retirement plan solution aimed at defined contribution and defined benefit sponsors. The offering centralizes custody, payments and recordkeeping under a single platform to streamline administration and participant engagement.
2. Integrated Investment Features
Plan sponsors and participants can access BNY’s suite of retirement-focused products—including stable value, target-date, active and index funds—through an open-architecture brokerage window. These bundled investment options integrate directly into Alight Worklife, providing a modern interface and mix-and-match flexibility.
3. Fiduciary Oversight and AI Insights
The solution employs a dual-oversight model that pairs Alight’s compliance and recordkeeping infrastructure with BNY’s investment management governance. AI-driven insights and workforce analytics are embedded to deliver personalized guidance and support fiduciary decision-making.
4. Go-to-Market and Strategic Roles
Alight will lead client engagement and implementation via its relationship management teams, while BNY supplies custody, global payments and asset servicing expertise. This joint approach is designed to enhance retirement outcomes and expand BNY’s retirement services revenue stream.
