Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 314704
                    [Title] => CAP affiliate incurs P2.28-B trust fund deficieny
                    [Summary] => Comprehensive Annuity Plans and Pension Corp., an affiliate of College Assurance Plans (CAP),  has a P2.28-billion deficit in its trust fund as of end-September this year, according to documents obtained from the Securities and Exchange Commission (SEC).


Comprehensive Annuity’s trust fund stood at P1.84 billion while its actuarial reserve liability amounted to P4.12 billion.


The SEC said the company is insolvent based on its annual financial statement ended Sept. 30, 2005.


                    [DatePublished] => 2006-01-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 314803
                    [Title] => CAP affiliate incurs P2.28-B trust fund deficieny
                    [Summary] => Comprehensive Annuity Plans and Pension Corp., an affiliate of College Assurance Plans (CAP),  has a P2.28-billion deficit in its trust fund as of end-September this year, according to documents obtained from the Securities and Exchange Commission (SEC).


Comprehensive Annuity’s trust fund stood at P1.84 billion while its actuarial reserve liability amounted to P4.12 billion.


The SEC said the company is insolvent based on its annual financial statement ended Sept. 30, 2005.


                    [DatePublished] => 2006-01-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 284468
                    [Title] => SEC en banc okays creation of CAP management committee
                    [Summary] => The collegial body of the Securities and Exchange Commission (SEC) has approved the proposal for a management takeover of pre-need firm College Assurance Plan Philippines Inc. (CAP) after careful review of the terminal report prepared by an SEC oversight committee.


An SEC official said the commission en banc, the SEC’s decision-making body, affirmed the oversight committee’s recommendation that a full-time management committee (mancom) be formed to oversee the operations of CAP and its affiliates such as Comprehensive Annuity Plans and Pension Corp. and CAP Health.


                    [DatePublished] => 2005-07-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 259041
                    [Title] => Pre-need industry prefers acquisition route
                    [Summary] => The country’s pre-need industry is expected to consolidate further as new entrants prefer the acquisition mode rather than establish new companies. Likewise, industry players are holding discussion for "mid-step" consolidation over further mergers or acquisitions.


A group of investors composed of foreign and local players are reportedly holding talks with an existing player, which has stopped selling plans although it continues to service its existing plan holders.


                    [DatePublished] => 2004-07-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 219360
                    [Title] => Pre-need firms’ sales down 22.5% in first seven months
                    [Summary] => Reflecting poor economic conditions, sales of pre-need companies fell 22.5 percent in the first seven months of the year to P18.59 billion from P24  billion the same period last year.


Based on a report from the  Securities and Exchange Commission (SEC) the number of units sold for the  period January to July this year went down by 14.4 percent to 311,699 from  364,081 the previous level.


The decline was attributed to the current difficult environment, the unstable foreign-exchange rates, and uncertainties in the political front.


                    [DatePublished] => 2003-09-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 209022
                    [Title] => Sales of pre-need firms down 22% in Jan-April
                    [Summary] => Sales of pre-need companies tumbled by 22.3 percent in the first four months of the year as the investing public continued to wait for more favorable developments before taking any new plans.


Data collated by the Securities and Exchange Commission showed that total sales of the pre-need industry declined to P10.59 billion from P13.63 billion the previous level. The number of units sold likewise went down to 180,747 or 14.72 percent lower than the previous year’s 211,957.


                    [DatePublished] => 2003-06-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 132864
                    [Title] => CAP still leads pre-need industry
                    [Summary] => Pre-need industry pioneer College Assurance Plan (CAP) and sister company Comprehensive Annuity Plans and Pension Corp. (CAP Pension) are still the undisputed leaders in the pre-need industry in terms of total gross sales of trust funds.


                    [DatePublished] => 2001-09-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

COMPREHENSIVE ANNUITY PLANS AND PENSION CORP

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 314704
                    [Title] => CAP affiliate incurs P2.28-B trust fund deficieny
                    [Summary] => Comprehensive Annuity Plans and Pension Corp., an affiliate of College Assurance Plans (CAP),  has a P2.28-billion deficit in its trust fund as of end-September this year, according to documents obtained from the Securities and Exchange Commission (SEC).


Comprehensive Annuity’s trust fund stood at P1.84 billion while its actuarial reserve liability amounted to P4.12 billion.


The SEC said the company is insolvent based on its annual financial statement ended Sept. 30, 2005.


                    [DatePublished] => 2006-01-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 314803
                    [Title] => CAP affiliate incurs P2.28-B trust fund deficieny
                    [Summary] => Comprehensive Annuity Plans and Pension Corp., an affiliate of College Assurance Plans (CAP),  has a P2.28-billion deficit in its trust fund as of end-September this year, according to documents obtained from the Securities and Exchange Commission (SEC).


Comprehensive Annuity’s trust fund stood at P1.84 billion while its actuarial reserve liability amounted to P4.12 billion.


The SEC said the company is insolvent based on its annual financial statement ended Sept. 30, 2005.


                    [DatePublished] => 2006-01-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 284468
                    [Title] => SEC en banc okays creation of CAP management committee
                    [Summary] => The collegial body of the Securities and Exchange Commission (SEC) has approved the proposal for a management takeover of pre-need firm College Assurance Plan Philippines Inc. (CAP) after careful review of the terminal report prepared by an SEC oversight committee.


An SEC official said the commission en banc, the SEC’s decision-making body, affirmed the oversight committee’s recommendation that a full-time management committee (mancom) be formed to oversee the operations of CAP and its affiliates such as Comprehensive Annuity Plans and Pension Corp. and CAP Health.


                    [DatePublished] => 2005-07-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 259041
                    [Title] => Pre-need industry prefers acquisition route
                    [Summary] => The country’s pre-need industry is expected to consolidate further as new entrants prefer the acquisition mode rather than establish new companies. Likewise, industry players are holding discussion for "mid-step" consolidation over further mergers or acquisitions.


A group of investors composed of foreign and local players are reportedly holding talks with an existing player, which has stopped selling plans although it continues to service its existing plan holders.


                    [DatePublished] => 2004-07-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 219360
                    [Title] => Pre-need firms’ sales down 22.5% in first seven months
                    [Summary] => Reflecting poor economic conditions, sales of pre-need companies fell 22.5 percent in the first seven months of the year to P18.59 billion from P24  billion the same period last year.


Based on a report from the  Securities and Exchange Commission (SEC) the number of units sold for the  period January to July this year went down by 14.4 percent to 311,699 from  364,081 the previous level.


The decline was attributed to the current difficult environment, the unstable foreign-exchange rates, and uncertainties in the political front.


                    [DatePublished] => 2003-09-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 209022
                    [Title] => Sales of pre-need firms down 22% in Jan-April
                    [Summary] => Sales of pre-need companies tumbled by 22.3 percent in the first four months of the year as the investing public continued to wait for more favorable developments before taking any new plans.


Data collated by the Securities and Exchange Commission showed that total sales of the pre-need industry declined to P10.59 billion from P13.63 billion the previous level. The number of units sold likewise went down to 180,747 or 14.72 percent lower than the previous year’s 211,957.


                    [DatePublished] => 2003-06-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 132864
                    [Title] => CAP still leads pre-need industry
                    [Summary] => Pre-need industry pioneer College Assurance Plan (CAP) and sister company Comprehensive Annuity Plans and Pension Corp. (CAP Pension) are still the undisputed leaders in the pre-need industry in terms of total gross sales of trust funds.


                    [DatePublished] => 2001-09-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest