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, outlines changes to underlying fund information, reflecting the company's commitment to enhancing its offerings. These adjustments may impact investors' choices in a competitive variable annuity market.
Separate Account A of Pacific Life & Annuity Co, an investment entity based in California, is focused on providing variable annuity contracts. The company operates under the Central Index Key (CIK) number 0001074486. Its recent filings include multiple submissions on the same day, highlighting ongoing updates to its offerings.
The SEC filing states, "The purpose of this supplement is to announce various underlying fund changes." This indicates that the company is actively managing its investment options to better serve its clients. Effective November 1, 2026, the filing details that the underlying fund information related to current expenses will be updated, and changes to fund advisors will take place.
Among the notable changes, the subadvisor for the Pacific Select Fund International Small-Cap will shift from FIAM LLC to Wellington Management Company LLP. Additionally, as of September 14, 2026, Citigroup Global Markets, Inc. has removed specific maximum issue age restrictions for contract issuance and the election of optional benefits, which may broaden access for potential investors.
These updates may affect current and prospective contract owners, as they navigate their options within the variable annuity landscape. The competitive nature of the industry means that such changes can influence investor decisions and perceptions of value.
Details were not available in the SEC filing regarding future actions or additional filings related to these updates. Investors are encouraged to review the complete prospectus for comprehensive information on their contracts and the changes being implemented.