Separate Account A of Pacific Life & Annuity Co has made significant updates to its variable annuity contracts, as detailed in a recent SEC filing. The changes, effective November 1, 2026, include a shift in the subadvisor for the Pacific Select Fund International Small-Cap Portfolio from FIAM LLC to Wellington Management Company LLP. This update is crucial for current and prospective contract holders, as it may influence fund performance and investment strategies.
Pacific Life & Annuity Co, based in Newport Beach, California, operates within the investment sector. The company is known for offering various financial products, including variable annuities. Its recent filings, including this one dated October 21, 2026, indicate ongoing adjustments to its investment strategies and product offerings.
The filing states, "The purpose of this supplement is to announce various underlying fund changes." This reflects the company's commitment to adapting its investment strategies to meet market demands and enhance the value of its offerings to clients.
These changes may affect contract holders who rely on the performance of the underlying funds for their investment returns. The decision to change subadvisors could lead to different management styles and investment approaches, which may impact overall fund performance.
Looking ahead, the filing does not specify what further actions may be taken following these updates. However, investors and industry analysts will likely monitor the impact of these changes on the performance of the variable annuity contracts and the broader investment landscape.