Letter to Planholders

The global economic crisis has affected a number of industries worldwide including the Philippine pre-need industry. The trust funds of the industry have not been earning their projected returns. The local stock market and fixed income investments have performed poorly last year causing trust fund deficits.

Compounding the problem of the industry is the ongoing investigation of the Legacy fraud case. This has dragged down the confidence in our industry whose image has already been tarnished when major preneed firms went down years ago.

To address the situation, the Philippine Federation of Pre-Need Plan Companies, Inc. (PFPPCI) was left with three options to consider for its members: