Separate Account A of Pacific Life & Annuity Co has announced updates to its variable annuity contracts through a recent filing. This supplement, dated October 21, 2026, includes changes to the underlying funds and their associated expenses. Such updates are crucial as they can influence investor decisions and affect the competitive landscape in the investment sector.
Pacific Life & Annuity Co, based in Newport Beach, California, operates under the investment sector. The company has a history of providing various financial products, including annuities. The recent filing is part of a series of updates, with multiple filings submitted on the same day, indicating a comprehensive review of their offerings.
The filing states, "The purpose of this supplement is to announce various underlying fund changes." It also mentions that effective November 1, 2026, the underlying fund information related to current expenses will be updated. Specific changes include a new subadvisor for the Pacific Select Fund International Small-Cap, which will shift from FIAM LLC to Wellington Management Company LLP.
This update may affect current and potential contract owners who are invested in these variable annuity products. By changing the expense structures and fund management, Pacific Life & Annuity Co aims to enhance the value of its offerings and better meet customer needs.
Looking ahead, the filing does not specify what actions will follow these updates. However, the company may continue to adjust its products in response to market conditions and competitive pressures.