Official PEP Coalition Press Release (Jan. 30, 2009)
This press release was distributed to the press during the press conference held Feb. 2, 2009 at Max’s Restaurant, Malate, Manila.
No comments yet.
The “PEP Coalition” stands for “Parents Enabling Parents,” a group of parents empowering other parents to stand up for their rights and demand what is legally and morally due them.
The Coalition is committed to assist its members in their quest for justice and to continue its advocacy for good corporate governance.
The PEP Coalition was formed when Pacific Plans, Inc. (PPI) applied for rehabilitation with the Makati Regional Trial Court, and earned a Stay Order allowing it to discontinue payment of tuition fees to holders of traditional, open-ended plans. In lieu of payment, the planholders were forced to accept a patently disadvantageous scheme, which had been designed without their knowledge, and took effect without their approval.
The reaction to this unexpected and unconscionable move was an immediate mobilization of outraged parents, culminating in the First General Assembly held at St Paul Gymnasium in Pasig City, April 25, 2005 attended by some 2,000 disenfranchised and furious plan holders.
SEN. MAR ROXAS’ HELPLINE NUMBERIn a recent radio interview (Feb. 11, 2009), Sen. Mar Roxas offered affected planholders free legal assistance. The PEP Coalition currently has no details on the nature of the legal assistance and the extent but for those interested, kindly call: 0919-6276927
LAWYER FOR CAP PLANHOLDER GROUPAtty. Tony Syquia is currently the lawyer for the CAP planholders. The most recent contact info we have on Atty. Syquia is: Address: Unit 1902 Security Bank Center 6776 Ayala Ave., Legaspi Village, Makati City Telephone: (63 2) 817-1095, 817-1096, 817-1098 or 817-1742 Fax number: (63 2) 817-1089 or 817-1724 E-mail: syquia@intlaw. com.ph
Your Say on the Matter….
Princess Rada Buenav… on Pacific Plans owner offers to… Teresa Zhang on Pacific Plans owner offers to… Elsie A. Pimentel on Drilon, Robredo can’t ru… susan agravante-chua on Drilon, Robredo can’t ru… MJ Concepcion on Troubled preneed firm fails to… precy matawaran on Pacific Plans owner offers to…
The Latest on PEP
- Pre-need sales continue sliding
- SEC denies approving Permaplans’ tea payments
- SEC moved to DTI after pre-need mess
- Cocoplans gets P61-M cash infusion for trust fund deficiency
- Who benefits from CAP’s trust funds?
- Trust-fund abuse in preneed scored
- Feedback: S.E.C. still sleeping on the job
- Memorial lots, anyone?
- Pre-need firms move to assure clients
- Permanent’s plan holders to get slimming teas, medicines
Hottest TagsAbundance Providers and Investments Corporation actuarial reserve liability AMA Asian Diamond Inc. Asian Diamond Plans Inc. bailout BSP CAP Capitol Plans Caritas Financial Plans Inc. Celso de los Angeles City Plans Inc. Cocoplans Inc. Congress Consolidated Plans Court of Appeals Danvil Plans Inc. Eduplan Phils Inc estafa Eternal Plans Inc Fe Barin Grepalife Holdings Insurance Commission Jesus Enrique Martinez Legacy Group libel Lifetime Plans Inc. Loyola Plans Consolidated Mark Jimenez Mar Roxas Napocor bonds Onate Pacific Plans PAMANA PDIC PEP Coalition Perfecto Yasay Jr. Permanent Plans Inc. PET Plans Phil-Asia Care Plans Philamlife Philam Plans Philip Piccio Platinum Plans pre-need code pre-need industry Pre-Need Insurance Corp. Professional Group Prudentialife Plans Inc. Pryce Plans RCBC RCBC Trust rehabilitation plan Scholarship Plans Phils SEC Senate Senator Mar Roxas Sun Life Financial Plans Inc. syndicated estafa Transnational Plans Inc. Trusteeship Plans Inc tuition Vantage Pension Victoria Gomez Yuchengco
Site infoPEP Coalition
Create a free website or blog at WordPress.com.