Pacific Select Executive Separate Account of Pacific Life & Annuity has made a significant announcement regarding its investment strategy. The company revealed that effective November 1, 2026, the subadvisor for the Pacific Select Fund International Small-Cap will change from FIAM LLC to Wellington Management Company LLP. This shift is part of an ongoing effort to enhance the investment options available to policyholders.
The change in subadvisor is crucial as it may affect the performance and management of the investment fund, which is part of the company's variable universal life policies. This update highlights Pacific Select's commitment to providing competitive investment solutions in a rapidly evolving market.
Background
Pacific Select Executive Separate Account of Pacific Life & Annuity is an investment entity incorporated in California. The company primarily focuses on providing variable universal life insurance products. Its recent filings include several Form 497 submissions, with the latest one filed on October 21, 2026, under accession number 0001104659-26-117759.
What the Filing Says
The recent filing states, "The Subadvisor for the Pacific Select Fund International Small-Cap will change from FIAM LLC to Wellington Management Company LLP." This change is part of an amendment to the investment options section of the statutory prospectus dated May 1, 2013.
Impact
This change may affect policyholders who invest in the Pacific Select Fund International Small-Cap. By switching to Wellington Management, the company aims to leverage the expertise of a new management team, which could lead to different investment strategies and performance outcomes.
What's Next
The filing does not say what happens next.