Pacific Life & Annuity Company has announced updates to its variable annuity contracts through a recent filing. This change is significant as it reflects the company's responsiveness to market conditions and regulatory requirements.
Separate Account A of Pacific Life & Annuity Co, an investment entity, filed the update on October 21, 2026. The company operates under the Central Index Key (CIK) 0001074486 and is based in Newport Beach, California. The filing is part of a series of recent submissions, all dated October 21, 2026, which include various updates to their statutory prospectus and summary prospectus.
The filing states, "The purpose of this supplement is to announce various underlying fund changes." It details changes effective November 1, 2026, including the removal of specific underlying fund information related to current expenses and updates to the appendix listing funds available under the policy. Notably, the subadvisor for the Pacific Select Fund International Small-Cap will change from FIAM LLC to Wellington Management Company LLP.
These updates may affect current and potential contract owners, as they highlight changes in the underlying investments of the variable annuity products offered by Pacific Life & Annuity. Additionally, the removal of specific maximum issue age restrictions by Citigroup Global Markets, Inc. may broaden access to these contracts for a wider range of customers.
The filing does not specify what happens next, but it indicates a proactive approach by Pacific Life & Annuity Company to ensure its offerings remain competitive and compliant with evolving market standards.