Separate Account A of Pacific Life & Annuity Co has announced updates to its variable annuity contracts through a recent SEC filing. This supplement, dated October 21, 2026, outlines significant changes to the underlying funds associated with these contracts, which could impact both investors and the broader investment landscape.
Background
Separate Account A of Pacific Life & Annuity Co is an investment entity based in California. The company operates within the investment sector and is known for its variable annuity products. Recent filings include multiple updates on October 21, 2026, with the most notable being the 497VPU form, accession number 0001104659-26-117733.
What the Filing Says
The filing serves as a supplement to the Statutory Prospectus, Updating Summary Prospectus, and Initial Summary Prospectus dated May 1, 2026, for various variable annuity contracts. It states, "The purpose of this supplement is to announce various underlying fund changes." Additionally, effective November 1, 2026, the underlying fund information related to current expenses will be updated, and the subadvisor for the Pacific Select Fund International Small-Cap will change from FIAM LLC to Wellington Management Company LLP.
Impact
This update may affect current and potential investors in Pacific Life's variable annuity products, as well as competitors in the investment industry. By enhancing transparency regarding fund management and expenses, the company is positioning itself to attract more investors who prioritize clarity in their financial products.
What's Next
The filing does not say what happens next.