Pacific Life & Annuity Company has announced significant updates to its variable annuity contracts through its Separate Account A. This update, filed with the SEC on October 21, 2026, includes changes to the underlying funds and their management. Such adjustments are crucial for enhancing the investment strategies available to policyholders, potentially impacting their returns and overall satisfaction.
Separate Account A of Pacific Life & Annuity Co operates under the investment entity type and is registered with the SEC. The company is based in Newport Beach, California, and its filing history includes various updates related to its variable annuity contracts. The recent filing, accession number 0001104659-26-117752, reflects ongoing efforts to keep policyholders informed and engaged with their investment options.
The filing indicates that the purpose of the supplement is to announce various underlying fund changes. Specifically, effective November 1, 2026, the current expenses related to the funds available under the policy have been updated. Notably, the subadvisor for the Pacific Select Fund International Small-Cap will change from FIAM LLC to Wellington Management Company LLP. Additionally, Citigroup Global Markets, Inc. will no longer impose specific maximum issue age restrictions applicable to contract issuance or the election of optional benefits, effective September 14, 2026.
This update may affect policyholders who are invested in the variable annuity contracts, as changes in fund management can influence performance and fees. The adjustments also signal a proactive approach from Pacific Life & Annuity Co to adapt to the evolving investment landscape, which may prompt competitors in the industry to consider similar changes in their offerings.
Looking ahead, the filing does not specify what further actions will follow this announcement. However, it emphasizes the importance of reviewing the updated prospectus and staying informed about changes that could impact investment strategies.