Pacific Life & Annuity Company has made significant updates to its variable annuity contracts, as detailed in a recent SEC filing. The changes, effective November 1, 2026, include modifications to the underlying funds and adjustments to expense structures. This update is noteworthy as it reflects the company's commitment to enhancing its product offerings in a competitive investment landscape.
Separate Account A of Pacific Life & Annuity Co. is an investment entity that focuses on variable annuities. The company is headquartered in Newport Beach, California, and operates under the Central Index Key 0001074486. The recent filing, dated October 21, 2026, is part of a series of updates that include multiple forms filed on the same day, indicating active management of its investment products.
The filing states, "The purpose of this supplement is to announce various underlying fund changes." It specifically mentions that the underlying fund information related to current expenses has been updated. The changes include the replacement of the subadvisor for the Pacific Select Fund International Small-Cap from FIAM LLC to Wellington Management Company LLP. Additionally, it notes that Citigroup Global Markets, Inc. no longer imposes specific maximum issue age restrictions for contract issuance.
This update may affect current policyholders and potential investors in the variable annuity market. Financial advisors who work with these products will need to familiarize themselves with the new fund options and expense structures to better advise their clients. The filing suggests that these changes are designed to enhance the attractiveness of Pacific Life's offerings in a competitive environment.
Looking ahead, the filing does not specify any further actions or upcoming filings related to these changes. However, the adjustments made by Pacific Life & Annuity Co. may prompt competitors in the variable annuity space to evaluate their own product offerings and expense structures to remain competitive in the market.