Separate Account A of Pacific Life & Annuity Company has filed a supplement to its prospectus, announcing significant updates to its variable annuity contracts. This filing, dated October 21, 2026, reflects changes in underlying fund management and expense structures, which could impact investor choices and perceptions in the competitive investment landscape.
The changes detailed in the filing are crucial for current and potential investors, as they may influence the performance and attractiveness of the company's variable annuity offerings. The filing highlights adjustments that aim to enhance the value of these financial products.
Background
Separate Account A of Pacific Life & Annuity Company, based in Newport Beach, California, is an investment entity that offers variable annuity contracts. The company operates under the Central Index Key (CIK) 0001074486 and has a fiscal year ending on December 31. Recent filings indicate ongoing updates and adjustments to its offerings, demonstrating a commitment to keeping investors informed.
What the Filing Says
The supplement states, "The purpose of this supplement is to announce various underlying fund changes." It includes specific updates regarding the underlying funds associated with the variable annuity contracts, such as changes in advisors and expense structures.
Effective November 1, 2026, the filing notes that the underlying fund information related to the Current Expenses in the appendix section has been amended. The subadvisor for the Pacific Select Fund International Small-Cap will transition from FIAM LLC to Wellington Management Company LLP. Additionally, Citigroup Global Markets, Inc. has removed specific maximum issue age restrictions for contract issuance.
Impact
This update may affect current policyholders and potential investors considering Pacific Life's variable annuity contracts. The changes in fund management and expense structures could influence investment decisions, as investors often seek products that offer competitive fees and strong management teams. The adjustments may also prompt competitors to reassess their own offerings in response to these developments.
What's Next
The filing does not specify what happens next regarding the implementation of these changes. Investors are encouraged to review the updated prospectus and contact the company for further details.