Pacific Life & Annuity Co. has made significant updates to its variable annuity contracts, as detailed in a recent SEC filing. The changes, which will take effect on November 1, 2026, include modifications to the underlying fund management. This update is crucial for the company as it seeks to enhance its product offerings and maintain competitiveness in the investment sector.
Separate Account A of Pacific Life & Annuity Co. operates in the investment sector, focusing on variable annuity products. The company, incorporated in California, is part of a larger family of Pacific Life companies. Recent filings indicate a series of updates on October 21, 2026, including multiple submissions related to variable annuity contracts.
The filing states, "The purpose of this supplement is to announce various underlying fund changes." It highlights that effective November 1, 2026, the underlying fund information related to current expenses will be updated. One notable change is the subadvisor for the Pacific Select Fund International Small-Cap, which will transition from FIAM LLC to Wellington Management Company LLP.
This update may affect contract owners who rely on these funds for their investment strategies. By changing the management of these funds, Pacific Life & Annuity Co. aims to align its offerings with market demands and improve performance for its clients.
The filing does not specify what happens next, but it emphasizes the importance of reviewing the updated prospectus for detailed information on the changes.