Pacific Life & Annuity Co has announced updates to its variable annuity contracts, reflecting changes in underlying fund management. The recent filing, dated October 21, 2026, serves as a supplement to the statutory prospectus, which details various adjustments to the funds available under these contracts. This update is significant as it demonstrates the company's responsiveness to market conditions and the evolving needs of its policyholders.
Separate Account A of Pacific Life & Annuity Co is an investment entity incorporated in California. It operates under the Central Index Key (CIK) 0001074486. The company primarily focuses on variable annuity products, which are designed to provide policyholders with investment options and income during retirement. The recent filing is part of a series of updates, including multiple filings on the same day, indicating a proactive approach to managing its offerings.
The filing states, "The purpose of this supplement is to announce various underlying fund changes." These changes include updates to the current expenses associated with the funds available under the policy, effective November 1, 2026. Specific fund changes involve a shift in the subadvisor for the Pacific Select Fund International Small-Cap from FIAM LLC to Wellington Management Company LLP. Additionally, Citigroup Global Markets, Inc. has removed specific maximum issue age restrictions for contract issuance and optional benefits.
The impact of these changes may affect policyholders who hold variable annuity contracts, as they will now have access to different fund management strategies and potentially altered expense structures. Financial advisors will also need to stay informed about these changes to guide their clients effectively in selecting suitable investment options.
As of now, the filing does not specify what further actions will follow these updates. However, it emphasizes the importance of reviewing the current prospectus and contacting the company for more information. Policyholders are encouraged to reach out to Pacific Life at the provided contact numbers or visit their website for the latest updates on their investment options.