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                    [Title] => Securities and Exchange Commission tightens watch over pre-need companies
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The Securities and Exchange Commission (SEC) is tightening its watch on pre-need companies to ensure their compliance with reportorial requirements amid a challenging business environment.
                    [DatePublished] => 2009-09-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 502305
                    [Title] => SEC fines late reports of pre-need companies
                    [Summary] => 
To ensure compliance with its reportorial requirements, the Securities and Exchange Commission (SEC) has imposed a basic fine on the late submission of annual and interim financial statements by pre-need companies.
                    [DatePublished] => 2009-09-06 00:00:00
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                    [Title] => Securities and Exchange Commission to fine late filers of reports
                    [Summary] => 
To ensure compliance with its reportorial requirements, the Securities and Exchange Commission (SEC) has imposed a basic fine on late submissions of annual and interim financial reports by pre-need companies.
                    [DatePublished] => 2009-09-02 00:00:00
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                    [Title] => Pre-need planholders get LPG, memorial lots
                    [Summary] => 
MANILA, Philippines - Cash-strapped pre-need firm Pryce Plans Inc. has opted to fulfill its obligation to plan holders by paying them in kind – specifically, through medicines, cooking gas and memorial lots.
                    [DatePublished] => 2009-02-16 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 380384
                    [Title] => Pre-need firms down to 29 in 2006
                    [Summary] => 



The number of companies licensed by the Securities and Exchange Commission to sell pre-need plans dropped to 29 from 30 last year.


SEC spokesperson Gerard Lukban said the companies that were issued dealer licenses include Ayala Plans Inc., Berkley International Plans Inc., Loyola Plans Consolidated Inc., Manulife Financial Plans Inc., Pacific Plans Inc., Permanent Plans Inc., Philam Plans, Prudentialife Plans, and Sunlife Financial Plans.


                    [DatePublished] => 2007-01-17 00:00:00
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                    [ArticleID] => 276240
                    [Title] => SEC trims number of pre-need firms to 33
                    [Summary] => The number of pre-need firms licensed by the Securities and Exchange Commission (SEC) to sell securities to the public has dwindled from 42 last year to 33.


Commission secretary Gerard Lukban said only 33 were able to comply with the requirements imposed by the SEC for renewal of their dealership license while the rest have either stopped selling plans or are still in the process of completing the requirements.


Pre-need firms are required to maintain at least P100 million in capital.


                    [DatePublished] => 2005-05-04 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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DESTINY FINANCIAL PLANS

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                    [ArticleID] => 505879
                    [Title] => Securities and Exchange Commission tightens watch over pre-need companies
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The Securities and Exchange Commission (SEC) is tightening its watch on pre-need companies to ensure their compliance with reportorial requirements amid a challenging business environment.
                    [DatePublished] => 2009-09-18 00:00:00
                    [ColumnID] => 133272
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                    [Title] => SEC fines late reports of pre-need companies
                    [Summary] => 
To ensure compliance with its reportorial requirements, the Securities and Exchange Commission (SEC) has imposed a basic fine on the late submission of annual and interim financial statements by pre-need companies.
                    [DatePublished] => 2009-09-06 00:00:00
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                    [Title] => Securities and Exchange Commission to fine late filers of reports
                    [Summary] => 
To ensure compliance with its reportorial requirements, the Securities and Exchange Commission (SEC) has imposed a basic fine on late submissions of annual and interim financial reports by pre-need companies.
                    [DatePublished] => 2009-09-02 00:00:00
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                    [Title] => Pre-need planholders get LPG, memorial lots
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MANILA, Philippines - Cash-strapped pre-need firm Pryce Plans Inc. has opted to fulfill its obligation to plan holders by paying them in kind – specifically, through medicines, cooking gas and memorial lots.
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                    [ArticleID] => 380384
                    [Title] => Pre-need firms down to 29 in 2006
                    [Summary] => 



The number of companies licensed by the Securities and Exchange Commission to sell pre-need plans dropped to 29 from 30 last year.


SEC spokesperson Gerard Lukban said the companies that were issued dealer licenses include Ayala Plans Inc., Berkley International Plans Inc., Loyola Plans Consolidated Inc., Manulife Financial Plans Inc., Pacific Plans Inc., Permanent Plans Inc., Philam Plans, Prudentialife Plans, and Sunlife Financial Plans.


                    [DatePublished] => 2007-01-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [ArticleID] => 276240
                    [Title] => SEC trims number of pre-need firms to 33
                    [Summary] => The number of pre-need firms licensed by the Securities and Exchange Commission (SEC) to sell securities to the public has dwindled from 42 last year to 33.


Commission secretary Gerard Lukban said only 33 were able to comply with the requirements imposed by the SEC for renewal of their dealership license while the rest have either stopped selling plans or are still in the process of completing the requirements.


Pre-need firms are required to maintain at least P100 million in capital.


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                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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abtest

Securities and Exchange Commission tightens watch over pre-need companies

By Zinnia B. Dela Peña | September 18, 2009 - 12:00am

The Securities and Exchange Commission (SEC) is tightening its watch on pre-need companies to ensure their compliance with reportorial requirements amid a challenging business environment.

Business

SEC fines late reports of pre-need companies

By Zinnia B. Dela Peña | September 6, 2009 - 12:00am

To ensure compliance with its reportorial requirements, the Securities and Exchange Commission (SEC) has imposed a basic fine on the late submission of annual and interim financial statements by pre-need compan...

Business

Securities and Exchange Commission to fine late filers of reports

September 2, 2009 - 12:00am

To ensure compliance with its reportorial requirements, the Securities and Exchange Commission (SEC) has imposed a basic fine on late submissions of annual and interim financial reports by pre-need companies.

Business

Pre-need planholders get LPG, memorial lots

February 16, 2009 - 12:00am

MANILA, Philippines - Cash-strapped pre-need firm Pryce Plans Inc. has opted to fulfill its obligation to plan holders by...

News Commentary

Pre-need firms down to 29 in 2006

By Zinnia B. Dela Peña | January 17, 2007 - 12:00am

The number of companies licensed by the Securities and Exchange Commission to sell pre-need plans dropped to 29 from 30 last year. SEC spokesperson Gerard Lukban said the companies that were issued dealer...

Business

SEC trims number of pre-need firms to 33

By Zinnia B. Dela Peña | May 4, 2005 - 12:00am

The number of pre-need firms licensed by the Securities and Exchange Commission (SEC) to sell securities to the public has dwindled from 42 last year to 33. Commission secretary Gerard Lukban said only 33 were able...

Business