Pacific Life's Separate Account A has filed a supplement to its prospectus, detailing significant updates to its variable annuity contracts. This filing, dated October 21, 2026, is crucial for contract owners as it outlines changes in underlying fund information and current expense structures.
The updates are set to take effect on November 1, 2026, and include the removal and replacement of existing fund information in the appendix related to current expenses. The supplement emphasizes the importance of this information for contract owners, as it directly affects their investment strategies.
Background
Separate Account A of Pacific Life & Annuity Co is an investment entity incorporated in California. The company focuses on providing variable annuity contracts, which are essential financial products for retirement planning. The most recent filing, dated October 21, 2026, is part of a series of updates that include multiple filings on the same day, indicating active management of their investment offerings.
What the Filing Says
The filing states, "The purpose of this supplement is to announce various underlying fund changes." It also specifies that effective November 1, 2026, the underlying fund information related to the Current Expenses will be updated. Additionally, it notes a change in the subadvisor for the Pacific Select Fund International Small-Cap.
Impact
This update may affect contract owners of the variable annuity products listed in the supplement. Changes in underlying fund expenses and management can influence the overall performance of these investment vehicles. Moreover, the removal of specific maximum issue age restrictions by Citigroup Global Markets, effective September 14, 2026, reflects a broader trend in the financial industry towards more flexible investment options for consumers.
What's Next
The filing does not say what happens next regarding further updates or changes to the contracts. Contract owners are encouraged to review the updated prospectus for complete information and to understand how these changes may impact their investments.