Separate Account A of Pacific Life & Annuity Co has made significant updates to its variable annuity contracts. The recent filing, dated October 21, 2026, outlines changes to the underlying fund information and current expenses associated with these contracts. This update is crucial as it may influence how the company positions its products in a competitive market.
Pacific Life & Annuity Co operates under the investment category and is known for offering a variety of annuity products. The company is incorporated in California and has a fiscal year ending on December 31. The recent filing is part of a series of updates, including multiple submissions on the same day, indicating a proactive approach to regulatory compliance and product management.
The filing states, "The purpose of this supplement is to announce various underlying fund changes." It specifies that effective November 1, 2026, the information regarding current expenses in the appendix of the contracts will be updated. The changes include the replacement of the subadvisor for the Pacific Select Fund International Small-Cap from FIAM LLC to Wellington Management Company LLP. Additionally, as of September 14, 2026, Citigroup Global Markets, Inc. will no longer impose specific maximum issue age restrictions for contract issuance or optional benefits.
These updates may affect current and potential policyholders, as well as financial intermediaries who sell these products. The adjustments in fund management and expense structures could lead to a more competitive offering within the variable annuity market. As Pacific Life & Annuity Co continues to refine its product offerings, other companies in the investment sector may need to respond accordingly to maintain their market positions.
The filing does not specify what actions will follow these updates, but it emphasizes the importance of retaining the supplement for future reference. For those interested in the details of the updated contracts, copies of the current prospectus can be obtained by contacting the company directly.