Separate Account A of Pacific Life & Annuity Company has announced updates to its variable annuity contracts through a supplement filed on October 21, 2026. This filing is significant as it details changes to the underlying fund information, which may affect investor choices and the competitive landscape in the variable annuity market.
Pacific Life & Annuity Company is based in Newport Beach, California, and operates under the investment entity type. The company is known for its variable annuity products, which are designed to provide investors with options for retirement savings and income. Recent filings include multiple submissions on the same date, indicating an active engagement with regulatory requirements.
The filing states, "The purpose of this supplement is to announce various underlying fund changes." It specifies that effective November 1, 2026, the underlying fund information related to current expenses will be amended. Notably, the subadvisor for the Pacific Select Fund International Small-Cap will change from FIAM LLC to Wellington Management Company LLP.
This update may affect current and prospective investors in Pacific Life's variable annuity products, as it provides them with essential information regarding fund management and expenses. The changes also reflect the company's responsiveness to market conditions and investor needs.
Looking ahead, the filing does not specify any further actions or upcoming filings related to these changes. Investors are encouraged to review the updated prospectus for comprehensive details on the variable annuity contracts.