Separate Account A of Pacific Life & Annuity Company has recently filed a supplement to its prospectus, which brings significant updates regarding its underlying funds. This filing, dated October 21, 2026, is crucial for current and potential investors as it outlines changes that could affect their investment strategies.
The update is particularly relevant for those invested in variable annuity contracts offered by Pacific Life. The filing details adjustments to the underlying fund information, including changes in the subadvisor for the Pacific Select Fund International Small-Cap Portfolio, which will now be managed by Wellington Management Company LLP.
Background
Separate Account A of Pacific Life & Annuity Company is an investment entity based in Newport Beach, California. The company operates under the Central Index Key (CIK) 0001074486 and has recently filed multiple documents, including several 497 forms on October 21, 2026. The company primarily deals with variable annuity products, providing various investment options to its clients.
What the Filing Says
The filing states, "As of November 1, 2026, the underlying fund information related to the Current Expenses in the APPENDIX: FUNDS AVAILABLE UNDER THE POLICY section has been deleted and replaced with the following." This indicates a restructuring of the investment options available to policyholders.
Additionally, it notes the change in subadvisor for the Pacific Select Fund International Small-Cap Portfolio, which is a significant shift in the management of this fund.
Impact
This update may affect current contract owners and potential investors in variable annuities offered by Pacific Life. Investors will need to review these changes to understand how they might influence their investment decisions and the overall performance of their portfolios.
What's Next
The filing does not say what happens next, but investors are encouraged to contact Pacific Life for further details or to obtain a copy of the current prospectus.