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News 12/6

PRA Inks MOA with AXA

Philippine Retirement Authority Acting General Manager, Col. Fernando Z. Francisco led the signing of the Memorandum of Agreement (MOA) with Andrew Alcid and Indren Naidoo, AXA Life Insurance and Investments President and CEO and Chief Financial Officer, respectively.  Witnessing the contract signing were topexecutives from PRA and AXA, namely Mesdames Ethel N. Rupa, OIC for Marketing; Noehl D. Bautista, Division Chief, Ads and Promotion Division; and Lory E. Morgia, Division Chief and concurrently the Officer-in-Charge of the PRA Cebu Satellite Office, represented the Authority. Present from AXA were Messrs. Hamilton Macleod, Chief Agency Officer; John Callo, Product Manager; and Elmira Esguerra, Cebu Branch Manager.

As an accredited merchant partner, AXA shall insure that their products shall have no offshore components and limited only to bonds and equity stocks of corporations listed in the Philippine Stock Exchange. It shall also assist in the promotion of the retirement program PRA, on the other hand, will assist AXA in the promotion of their investment products and provide AXA with PRA materials for free PRA is actively seeking merchant partners to extend special package and/or discounts for the retirees to make the program more attractive. These companies must have a proven track record of excellent product and/or service for the last three (3) years in its area of business. Interested service providers may contact PRA at telephone number (632) 848-1412, fax numbers (632) 848-7106 and (632) 848-1402, thru email address: inquiry@pra.gov.ph