+ Follow LIFETIME PLANS INC Tag
LIFETIME PLANS INC
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 311962
[Title] => SEC renews license of Pacific Plans
[Summary] => The Securities and Exchange Commission (SEC) has renewed the dealership license of Pacific Plans Inc. (PPI) to allow the pre-need firm to sell new fixed-value plans in order to grow its business and service the maturing obligations of planholders.
PPI did not apply for the renewal of its dealership license in September 2004 after it transferred its assets to the now defunct Lifetime Plans Inc.‚ registration certificate has been revoked by the SEC in April for failure to comply with certain requirements.
[DatePublished] => 2005-12-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 298921
[Title] => PPI hits opposition to its license application
[Summary] => Pacific Plans Inc. (PPI) branded yesterday the opposition filed by the Parents Enabling Parents Coalition (PEPC) against its license application as mere harassment, saying it is intended to sabotage the interest of the 400,000 fixed planholders of its now defunct subsidiary Lifetime Plans Inc.
"It is a clear case of harassment against PPI, which seeks to revive its business of selling fixed plans and serve its remaining planholders," spokesperson Jeanette C. Tecson said.
[DatePublished] => 2005-09-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 298766
[Title] => Pacific planholders urge SEC to reject PPI license petition
[Summary] => The Parents Enabling Parents Coalition Inc. (PEPCI) has asked the Securities and Exchange Commission (SEC) to reject Pacific Plans’ application for a dealership license on the ground that there is a valid and existing suspension of payments order against the pre-need firm.
In its opposition, PEPCI said the license application should also be denied since Pacific Plans was found to have been guilty of fraud in its transactions prior to and in connection with its dealings which resulted to the filing of the petition for rehabilitation in the court.
[DatePublished] => 2005-09-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 296982
[Title] => Pacific Plans still in financial bind despite asset transfer from unit
[Summary] => Pacific Plans Inc. (PPI) insisted yesterday that it remains financially distressed even after the transfer of the assets of its defunct subsidiary Lifetime Plans Inc. (LPI)
PPI raised this point in its supplemental petition filed with the Makati Regional Trial Court after the Securities and Exchange Commission (SEC) revoked the corporate license of LPI.
[DatePublished] => 2005-09-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 287642
[Title] => PPI, planholders reach settlement
[Summary] => To avoid a long drawn-out battle, the management and planholders of Pacific Plans Inc. (PPI) announced yesterday that an amicable settlement has been reached in the dispute between the two parties, following the intervention of President Arroyo.
In a joint statement, the management of PPI and leaders of the Parent Enabling Parents (PEP) coalition said they have agreed to a negotiated settlement of planholders claims and hope to reach an acceptable and realizable payment plan within 15 to 30 days.
[DatePublished] => 2005-07-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 285551
[Title] => SEC studies PPI request on Lifetime Plans’ license
[Summary] => The Securities and Exchange Commission is reviewing whether it could allow Pacific Plans Inc. to assume the license of its now-defunct unit Lifetime Plans Inc., an SEC official said.
[DatePublished] => 2005-07-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 282999
[Title] => Court upholds SEC order vs Lifetime
[Summary] => Dealing a major setback to Pacific Plans Inc. (PPI), the Makati Regional Trial Court has upheld a Securities and Exchange Commission (SEC) ruling revoking the certificate of incorporation of Lifetime Plans Inc., a spin-off subsidiary of PPI.
In the same order, the Makati RTC has directed PPI to fold in the assets of Lifetime since the latter is now dissolved with the revocation of its registration license. "Since Lifetime is now inexistent, only petitioner PPI remains and all assets of Lifetime now pertain to PPI," the court said.
[DatePublished] => 2005-06-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 282313
[Title] => SEC mulls fines against Pacific Plans for failure to submit documents
[Summary] => The Securities and Exchange Commission (SEC) is considering the imposition of fines against the Yuchengco-owned pre-need firm Pacific Plans Inc. (PPI) for its failure to submit required documents.
SEC spokesperson Gerard Lukban said PPI failed to meet the June 8 deadline to submit documents required under the agency’s new rules on the registration and sale of pre-need plans.
[DatePublished] => 2005-06-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 280165
[Title] => Pacific Plans planholders accuse SEC of ‘inaction’
[Summary] => The Parents Enabling Parents Coalition (PEPC), an organization formed by aggrieved planholders of troubled pre-need firm Pacific Plans Inc. (PPI), has assailed the Securities and Exchange Commission (SEC) for not doing its part in protecting the interest of the investing public.
[DatePublished] => 2005-06-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 279273
[Title] => Lifetime Plans questions revocation order by SEC
[Summary] => Lifetime Plans Inc. questioned yesterday the Securities and Exchange Commission (SEC) order revoking the certificate of incorporation of the nine month-old pre-need firm, saying it was issued without the benefit of the necessary notice and hearing.
Planholders of Lifetime Plans even described the SEC decision as the "harshest order" ever issued by the corporate regulator.
[DatePublished] => 2005-05-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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