Pacific Life & Annuity Company has announced updates to its variable annuity contracts through its Separate Account A. This update, filed on October 21, 2026, is significant as it reflects changes in underlying fund management and expense structures, which are crucial for investors and policyholders.
Separate Account A of Pacific Life & Annuity Co operates within the investment sector. The company is based in Newport Beach, California, and has a fiscal year ending on December 31. This filing is part of a series of recent updates, including several filings on the same day, indicating an active period for the company. The recent filings include various forms, such as 497VPI and 497VPU, all dated October 21, 2026.
The filing states, "The purpose of this supplement is to announce various underlying fund changes." It details specific changes to the underlying funds associated with the variable annuity contracts, which include adjustments in current expenses and the management of certain funds.
Notably, effective November 1, 2026, the underlying fund information related to current expenses will be updated. The supplement outlines changes in sub-advisors for specific funds, such as the Pacific Select Fund International Small-Cap, which will now be managed by Wellington Management Company LLP instead of FIAM LLC. Such changes may affect investors' decisions and the overall performance of the funds.
Additionally, the filing mentions that as of September 14, 2026, Citigroup Global Markets, Inc. has removed specific maximum issue age restrictions for contract issuance and optional benefits. This could potentially broaden the market for these annuity contracts, appealing to a wider range of clients.
As the investment landscape continues to evolve, these updates may prompt other companies in the industry to reassess their offerings and management strategies. The filing does not specify what actions will follow these updates, leaving stakeholders to anticipate further developments.