^
+ Follow JUAN MIGUEL VAZQUEZ Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 459913
                    [Title] => EDITORIAL - Loss of confidence
                    [Summary] => 

Trust is indispensable in the banking and pre-need industries.

[DatePublished] => 2009-04-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Opinion [SectionUrl] => opinion [URL] => http://img6.imageshack.us/img6/4378/startoonthumbp.gif ) [1] => Array ( [ArticleID] => 436758 [Title] => Insurance commission to regulate pre-need firms [Summary] => MANILA, Philippines -- Members of the House committee on banks and financial intermediaries agreed today to transfer the regulation of pre-need companies from the Securities and Exchange Commission (SEC) to the Insurance Commission. [DatePublished] => 2009-02-03 17:45:37 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097047 [AuthorName] => Jess Diaz [SectionName] => [SectionUrl] => [URL] => ) [2] => Array ( [ArticleID] => 435172 [Title] => Pre-need firms confident of surviving financial crisis [Summary] =>

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.

[DatePublished] => 2009-01-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 382998 [Title] => Pre-need firms say their ‘worst days are over’ [Summary] => The pre-need industry believes their worst days are finally over as investments slowly trickle back in — thanks to wide-ranging reforms adopted by pre-need firms to regain the confidence of the general public, according to the Philippine Federation of Pre-need Plan Companies Inc.
[DatePublished] => 2007-02-02 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 377255 [Title] => Permanent Plans gets SEC nod for P500-M worth of new life plans [Summary] => The Securities and Exchange Commission (SEC) has approved the application of Permanent Plans Inc. for the registration and licensing of P500-million worth of new life plans.

Permanent Plans, a pre-need firm controlled by the family of businessman Juan Miguel Vazquez, offers pension plans with features and benefits that are especially designed to meet the specific needs of its planholders.

The company’s proposed life plan called Perma Flex Fund offers two types of packages — Perma Flex Basic and Perma Flex Advantage.
[DatePublished] => 2006-12-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 282990 [Title] => Pre-need group seeks benefits ceiling on open-ended plans [Summary] => The Federation of Philippine Pre-Need Plan Companies (FPPC) is seeking a ceiling on the benefits paid to planholders of open-ended plans to ensure the continued operations of pre-need firms.

In open-ended plans, a pre-need firm pays the tuition of a beneficiary regardless of the amount due.

This is opposed to a fixed value plan that specifies a fixed amount the beneficiary would receive upon maturity.

FPPC president Juan Miguel Vazquez said there should be a cap for open-ended benefits to ensure the survival of pre-need companies.
[DatePublished] => 2005-06-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => 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] => ) [7] => Array ( [ArticleID] => 245425 [Title] => Permanent Plans trust fund reaches P322-M [Summary] => Permanent Plans Inc. has a trust fund capable of covering maturities for the next five years.

The pre-need company’s trust fund topped P321.8 million in end 2003. Of this amount, liquid assets totaled P194.5 million, enough to cover maturities in the next five years, estimated at P186.4 million.
[DatePublished] => 2004-04-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [8] => Array ( [ArticleID] => 197481 [Title] => Pre-need firms prefer IC as supervising agency [Summary] => The Federation of Philippine Pre-need Plan Companies (PFPPCI) believes that the industry would be better off with the Insurance Commission, which is known for its no non-sense approach in getting things done.

PFPPCI president Juan Miguel Vazquez said the transfer of the pre-need sector’s supervision from the Securities and Exchange Commission to the IC, would be a good move because of the latter’s experience in overseeing insurance plans.
[DatePublished] => 2003-03-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 197229 [Title] => Pre-need sector sees 20% growth [Summary] => The pre-need industry is projecting a 20-percent growth this year, as it steps up efforts to win back investor confidence through aggressive marketing and the expansion of distribution channels.

Juan Miguel Vazquez, president of the Federation of Philippine Pre-need Plan Companies Inc., said most pre-need firms are eyeing a 20 percent increase in sales this year on the assumption that the economy will improve.

"I think 20 percent is a safe estimate although the growth of the industry would depend on a lot of things like the economy," Vazquez said.
[DatePublished] => 2003-03-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
JUAN MIGUEL VAZQUEZ
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 459913
                    [Title] => EDITORIAL - Loss of confidence
                    [Summary] => 

Trust is indispensable in the banking and pre-need industries.

[DatePublished] => 2009-04-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Opinion [SectionUrl] => opinion [URL] => http://img6.imageshack.us/img6/4378/startoonthumbp.gif ) [1] => Array ( [ArticleID] => 436758 [Title] => Insurance commission to regulate pre-need firms [Summary] => MANILA, Philippines -- Members of the House committee on banks and financial intermediaries agreed today to transfer the regulation of pre-need companies from the Securities and Exchange Commission (SEC) to the Insurance Commission. [DatePublished] => 2009-02-03 17:45:37 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097047 [AuthorName] => Jess Diaz [SectionName] => [SectionUrl] => [URL] => ) [2] => Array ( [ArticleID] => 435172 [Title] => Pre-need firms confident of surviving financial crisis [Summary] =>

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.

[DatePublished] => 2009-01-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 382998 [Title] => Pre-need firms say their ‘worst days are over’ [Summary] => The pre-need industry believes their worst days are finally over as investments slowly trickle back in — thanks to wide-ranging reforms adopted by pre-need firms to regain the confidence of the general public, according to the Philippine Federation of Pre-need Plan Companies Inc.
[DatePublished] => 2007-02-02 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 377255 [Title] => Permanent Plans gets SEC nod for P500-M worth of new life plans [Summary] => The Securities and Exchange Commission (SEC) has approved the application of Permanent Plans Inc. for the registration and licensing of P500-million worth of new life plans.

Permanent Plans, a pre-need firm controlled by the family of businessman Juan Miguel Vazquez, offers pension plans with features and benefits that are especially designed to meet the specific needs of its planholders.

The company’s proposed life plan called Perma Flex Fund offers two types of packages — Perma Flex Basic and Perma Flex Advantage.
[DatePublished] => 2006-12-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 282990 [Title] => Pre-need group seeks benefits ceiling on open-ended plans [Summary] => The Federation of Philippine Pre-Need Plan Companies (FPPC) is seeking a ceiling on the benefits paid to planholders of open-ended plans to ensure the continued operations of pre-need firms.

In open-ended plans, a pre-need firm pays the tuition of a beneficiary regardless of the amount due.

This is opposed to a fixed value plan that specifies a fixed amount the beneficiary would receive upon maturity.

FPPC president Juan Miguel Vazquez said there should be a cap for open-ended benefits to ensure the survival of pre-need companies.
[DatePublished] => 2005-06-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => 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] => ) [7] => Array ( [ArticleID] => 245425 [Title] => Permanent Plans trust fund reaches P322-M [Summary] => Permanent Plans Inc. has a trust fund capable of covering maturities for the next five years.

The pre-need company’s trust fund topped P321.8 million in end 2003. Of this amount, liquid assets totaled P194.5 million, enough to cover maturities in the next five years, estimated at P186.4 million.
[DatePublished] => 2004-04-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [8] => Array ( [ArticleID] => 197481 [Title] => Pre-need firms prefer IC as supervising agency [Summary] => The Federation of Philippine Pre-need Plan Companies (PFPPCI) believes that the industry would be better off with the Insurance Commission, which is known for its no non-sense approach in getting things done.

PFPPCI president Juan Miguel Vazquez said the transfer of the pre-need sector’s supervision from the Securities and Exchange Commission to the IC, would be a good move because of the latter’s experience in overseeing insurance plans.
[DatePublished] => 2003-03-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 197229 [Title] => Pre-need sector sees 20% growth [Summary] => The pre-need industry is projecting a 20-percent growth this year, as it steps up efforts to win back investor confidence through aggressive marketing and the expansion of distribution channels.

Juan Miguel Vazquez, president of the Federation of Philippine Pre-need Plan Companies Inc., said most pre-need firms are eyeing a 20 percent increase in sales this year on the assumption that the economy will improve.

"I think 20 percent is a safe estimate although the growth of the industry would depend on a lot of things like the economy," Vazquez said.
[DatePublished] => 2003-03-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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