December 1, 2006
COCOPLANS reports of strong trust fund
As contained in the recent report from its trustee bank United Coconut Planters Bank, COCOPLANS - grand slam winner for Most Outstanding Pre-need Plans Provider from the Consumers Union of the Philippines, posted a total trust fund balance of Php1,294,617,677.42 in its trust fund account as of September 30, 2006.
The total trust fund amount is attributed to the growing funds in their Pension and Education accounts having posted a Php1,059,431,233.14 and Php235,186,444.28 balances, respectively. Further, the report also stated that the funds are free from lien, restriction, condition or holdout.
Just recently, COCOPLANS has been awarded the prestigious Most Outstanding Pre Need Plans Provider Award at the 17th Annual National Consumers Awards. This is COCOPLANS’s third consecutive win having been recognized and awarded also in 2004 and 2005.
COCOPLANS’s vision of becoming a leader in the industry is as resilient as when it was formed twelve years ago. The company has implemented highly-effective measures to strengthen its customer service, continues to offer products with the needs of the market in mind, and promises to give the planholders maturing benefits on the day promised.
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