Pacific Life & Annuity Company has made significant updates to its variable annuity contracts, as detailed in a recent SEC filing. The supplement, dated October 21, 2026, modifies the existing statutory prospectus and provides crucial information about changes in underlying fund management and expense structures. This update is essential for current and potential policyholders, as it directly affects their investment options and costs.
Separate Account A of Pacific Life & Annuity Co, an investment entity based in Newport Beach, California, is known for its variable annuity products. The company operates under the Central Index Key (CIK) number 0001074486 and has a fiscal year ending on December 31. The recent filing is part of a series of updates, including several other forms filed on the same date, all aimed at enhancing transparency for investors.
The filing states, "The purpose of this supplement is to announce various underlying fund changes." It also notes that effective November 1, 2026, the underlying fund information related to current expenses will be updated, providing clearer insights into the costs associated with different investment options. This includes changes to the subadvisor for the Pacific Select Fund International Small-Cap, which will now be managed by Wellington Management Company LLP instead of FIAM LLC.
The updates in this filing may affect current policyholders, potential investors, and financial advisors. By modifying the underlying fund management and expense structures, Pacific Life & Annuity Co aims to enhance the performance of its variable annuity products. This could influence how financial intermediaries market these products and how consumers perceive their value in the investment landscape.
Looking ahead, the filing does not specify what further actions may follow these updates. However, it sets the stage for ongoing communication with policyholders and investors, ensuring they remain informed about any changes that could impact their financial decisions.