Registration/Licensing of Pension Plans
SEC-NTD (Notice and Order) • Securities and Exchange Commission Departments • Non-Traditional Securities and Instruments Department (NTD) • Jul 31, 2006
Full text
July 31, 2006 NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT IN THE MATTER OF SUN LIFE FINANCIAL PLANS, INC., registrant. REGISTRATION/LICENSING OF PENSION PLANS NOTICE AND ORDER Notice is hereby given that on July 21, 2006 a sworn registration statement was filed with the Securities and Exchange Commission for and on behalf of SUN LIFE FINANCIAL PLANS, INC. for registration/licensing of additional securities covering P1.5 billion worth of Sun Pension Plan (Non-Participating) and P300 million worth of Sun Pension Plus Plan (Participating) to be sold at the following contract prices per plan unit based on annual installments: aETDIc Sun Pension Plans Payment Sun Classic Pension Sun Elite Pension Term Minimum 1 Maximum 2 Minimum 1 Maximum (Year) Two P2,480 P8,272 P2,160 P7,690 Three 2,481 8,580 2,205 7,905 Five 2,530 8,995 2,310 8,355 Seven 2,583 8,225 2,394 7,721 Ten 2,710 7,310 2,570 6,970 Fifteen 2,820 5,970 2,715 5,775 Twenty 2,960 4,860 2,860 4,740 Other modes of payment are disclosed in the registration papers filed with the Securities and Exchange Commission. Payment Term Sun GEM/Sun GEM Direct (Year) Minimum 1 Maximum 2 Two P2,070 P8,540 Three 2,154 9,033 Five 2,370 9,850 Seven 2,492 9,219 Ten 2,730 8,340 Fifteen 2,985 7,005 Twenty 3,240 5,980 Other modes of payment are disclosed in the registration papers filed with the Securities and Exchange Commission. Payment Term Sun Pension Plus (Year) Minimum 1 Maximum 2 Five P4,460 P8,630 Seven 4,466 8,694 Ten 4,470 9,010 Eleven 4,488 8,778 Twelve 4,500 8,484 Thirteen 4,524 8,125 Fourteen 4,536 8,092 Fifteen 4,545 8,070 Sixteen 4,560 7,728 Seventeen 4,641 7,565 Eighteen 4,662 7,326 Nineteen 4,731 7,163 Twenty 4,820 6,960 Other modes of payment are disclosed in the registration papers filed with the Securities and Exchange Commission. According to the documents submitted, the following persons appear to be the officers/directors of the corporation: Name Position Esther C. Tan Chairman Lorenzo V. Tan President and CEO Henry Joseph M. Herrera Director Roy Emil S. Yu Director Raoul E. Littaua Director Caesar P. Altarejos, Jr. Treasurer/CFO Raquel F. Fernandez Finance Director Said application for registration and other documents attached thereto are open for inspection by interested parties during office hours, and photocopies thereof shall be provided upon written request and after payment of the required fees. Any person may file an opposition thereto within ten (10) days from date of last publication of this Notice and Order. TcSCEa Let this Notice and Order be published, at the expense of the corporation, in two (2) newspapers of general circulation in the Philippines once a week or two (2) consecutive weeks. SO ORDERED. EDSA, Mandaluyong City, Philippines. (SGD.) MERLE JOY B. PASCUAL Assistant Director Registration & Licensing Division Published in The Manila Times on August 3 & 10, 2006.
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