Pacific Select Executive Separate Account of Pacific Life & Annuity has made a significant update regarding its investment options. The company announced a change in subadvisors for the Pacific Select Fund International Small-Cap, effective November 1, 2026. Wellington Management Company LLP will replace FIAM LLC as the new subadvisor. This change is intended to enhance the investment management strategy and performance of the fund.
The announcement is crucial for Pacific Select as it seeks to improve its offerings and maintain competitiveness in the investment management sector. The decision to switch subadvisors reflects the company's commitment to providing quality investment options to its policyholders.
Background
Pacific Select Executive Separate Account of Pacific Life & Annuity is an investment entity incorporated in California. The company is associated with various variable universal life policies and operates under the Pacific Life Insurance Company umbrella. Recent filings include multiple updates on investment options, with the latest being filed on October 21, 2026.
What the Filing Says
The 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 the company's ongoing efforts to enhance its investment strategies.
Impact
This update may affect policyholders invested in the Pacific Select Fund International Small-Cap, as the new subadvisor could bring different management styles and strategies. Additionally, the change may influence other investment firms in the industry, prompting them to reassess their own subadvisor relationships.
What's Next
The filing does not say what happens next.