Separate Account A of Pacific Life & Annuity Company has issued a supplement to its variable annuity contracts, detailing significant updates to its investment offerings. This announcement, filed on October 21, 2026, is crucial as it reflects the company's commitment to adapting its contracts to better serve policyholders and align with market trends.
Pacific Life & Annuity Company operates under the investment sector and focuses on providing various annuity products. The company is based in Newport Beach, California, and is known for its diverse offerings in the insurance and investment markets. The recent filing includes several changes to the underlying funds associated with its variable annuity contracts, which are important for both current and prospective policyholders.
The filing states, "The purpose of this supplement is to announce various underlying fund changes." As of November 1, 2026, the underlying fund information related to the current expenses in the appendix of the contracts will be updated. 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 policyholders who hold these variable annuity contracts, as changes in fund management can influence investment performance and fees. The move to enhance the fund offerings is likely aimed at improving the overall value of the contracts for investors. Additionally, other companies in the investment sector may feel the impact of these changes, as they may need to reassess their own product offerings to remain competitive.
The filing does not specify what happens next regarding further updates or potential shareholder votes. However, policyholders are encouraged to review the updated prospectus and contact Pacific Life for more information on how these changes may affect their investments.