Separate Account A of Pacific Life & Annuity Company has made a notable update regarding its variable annuity contracts. On October 21, 2026, the company filed a supplement that announces a change in underlying fund information, which is crucial for current and potential clients. This update is significant as it reflects the company's commitment to adapting its investment offerings in a dynamic market.
Pacific Life & Annuity Company, part of Pacific Life Insurance Company, is recognized for its investment products, including variable annuities. The company operates primarily in the investment sector, focusing on providing financial security and growth opportunities for its clients. The recent filing is part of a series of updates made on the same day, indicating active management of its investment offerings.
The filing states, "The purpose of this supplement is to announce an underlying fund change." This change will take effect on November 1, 2026, and will modify the Current Expenses section in the Appendix of the contracts. The supplement includes details about the Invesco V.I. American Value Fund Series I, which will now feature a current expense of 0.76%.
This update may affect clients who hold variable annuity contracts with Pacific Life, as changes in underlying funds can influence investment performance and costs. Additionally, competitors in the variable annuity market may need to adjust their strategies in response to these changes, as Pacific Life continues to refine its product offerings.
Details were not available in the SEC filing regarding next steps following this update. However, clients are encouraged to review the updated prospectus and contact the company for further information.