Pre Need

Pre-need code OKd; Roxas raises objection

Published by rudy Date posted on October 1, 2009

The Senate has ratified the final version of the Pre-Need Code which seeks to protect plan holders and ensure the viability of an industry that has been weakened by a recent spate of bankruptcies and failures.

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Pre-needs sound alarm over new rules

Published by rudy Date posted on August 10, 2009

PRE-NEED companies have been placed in a sticky situation by the new guidelines that raised the minimum trust fund deposits to 50 percent to 60 percent of collected funds, and would like the Securities and Exchange Commission to ease the rules.

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Life products lift preneed sales in first four months, says SEC

Published by rudy Date posted on June 27, 2009

SALES of preneed plans were up in the first four months as clients bought more life products during the period, the Securities and Exchange Commission (SEC) said.

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Another pre-need bites the dust

Published by rudy Date posted on April 22, 2009

PERMANENT Plans has decided to stop selling pre-need plans because it “no longer believes in the viability” of the pre-need industry given the tough times, its president and chief executive said yesterday.

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Preneed firms should account for windfall from forfeited plans

Published by rudy Date posted on March 31, 2009

The Trade Union Congress of the Philippines (TUCP) urged regulators to compel pre-need companies to account for the estimated billions of pesos they hoarded from lapsed and forfeited plan contracts as well as in-force plans voluntarily surrendered by investors.

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SEC unveils bailout for pre-need industry

Published by rudy Date posted on February 20, 2009

THE Securities and Exchange Commission has given ailing pre-need firms four to five years to build up their impaired capital and trust funds as a result of the economic slowdown, its top official said yesterday.

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Pre-need sales plunge 19% to P15.3 billion last year

Published by rudy Date posted on February 6, 2009

Total sales of the country’s pre-need companies fell 18.56 percent last year to P15.3 billion, according to latest data released by the Securities and Exchange Commission’s Non-Traditional Securities Department.

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Preneed sales up in 2008 despite financial crisis

Published by rudy Date posted on February 5, 2009

SALES of preneed plans were up last year as more clients bought more life products during the period, the Securities and Exchange Commission (SEC) said.

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Pre-need firms confident of surviving financial crisis

Published by rudy Date posted on January 29, 2009

The Federation of Pre-need Plan Companies Inc. (FPPCI), which earlier warned of an impending collapse of the industry resulting from strict regulations and the global economic crunch, said the pre-need firms are liquid and will still be able to meet future obligations to planholders.

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Pre-need industry in distress

Published by rudy Date posted on January 26, 2009

When the concept of pre-need plans was introduced to the market, it seemed like every man’s dream come true. Especially so when those who bought a plan, say an educational plan, saw that it worked beautifully. The concept was not difficult to sell because of the old Filipino practice of paluwagan which was pretty much…

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Pre-need association sounds financial SOS

Published by rudy Date posted on January 22, 2009

THE pre-need industry will show a steep deficit for 2008, with liabilities surpassing trust funds, after investment earnings took a beating from the global financial meltdown.

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Preneed firms shut down amid global crisis

Published by rudy Date posted on January 19, 2009

THE Securities and Exchange Commission (SEC) said three preneed companies have shut down amid the global financial crisis.

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Preneed companies take hit from crisis

Published by rudy Date posted on January 14, 2009

PLANHOLDERS should brace for hard times ahead, as preneed companies admitted hefty losses due to the global financial crisis.

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April – Month of Planet Earth

“Full speed to renewables!”

 

Continuing
Solidarity with CTU Myanmar,
trade unions around the world,
for democracy in Myanmar,
with the daily protests of
people in Myanmar against
the military coup and
continuing oppression.

 

Accept National Unity Government
(NUG) of Myanmar.
Reject Military!

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Time to support & empower survivors.
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