Message: Return type of CI_Session_files_driver::open($save_path, $name) should either be compatible with SessionHandlerInterface::open(string $path, string $name): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice
Message: Return type of CI_Session_files_driver::close() should either be compatible with SessionHandlerInterface::close(): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice
Message: Return type of CI_Session_files_driver::read($session_id) should either be compatible with SessionHandlerInterface::read(string $id): string|false, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice
Message: Return type of CI_Session_files_driver::write($session_id, $session_data) should either be compatible with SessionHandlerInterface::write(string $id, string $data): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice
Message: Return type of CI_Session_files_driver::destroy($session_id) should either be compatible with SessionHandlerInterface::destroy(string $id): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice
Message: Return type of CI_Session_files_driver::gc($maxlifetime) should either be compatible with SessionHandlerInterface::gc(int $max_lifetime): int|false, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice
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Finance Professionals
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INDIVIDUAL INVESTORS
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THE BEST INSTITUTIONS
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DEFINED CONTRIBUTION
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Global Presence is key to our clients Success
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Accept or reject plan related terms and conditions (sent via email or by login into your account) within 48 hours.
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Once the T&C’s are accepted, the member becomes part of a plan.
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On the dashboard, bidding options will be displayed.
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The auction will start from the total value of the plan. For instance - If the plan is $200 per month and there are 6 members then the auction will always start from $1,200 ($200 X 6) every month for 6 months.
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Members who have no restrictions and have not won in the previous bids, will only be allowed to participate in that auction.
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Bidding will start on the scheduled date and time. The duration of that bid is 20 minutes.
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The bidding will determine the lowest amount a member is willing to take that month.
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The lowest bidder will be the winner at the expiration of 20 minutes, The bidder also has the option to win and end the auction by accepting the minimum amount at any time during those 20 minutes. The minimum threshold is 67.77% of the total value of the plan.
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For instance, if member A (lowest bidder at the time of expiration) wins the auction in the first month and decides to take home $900 minus the 5% Committi Fee, then the remaining balance of $300 {$1200 Plan Value minus $900 lowest Bid} is evenly distributed between all members ($50 per member), which is the surplus for that month.
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The bidding will continue until the end of 6 months. Prior Winner’s won’t be able to participate in the auctions thereafter, however, will continue to pay their installments for the remaining months of the plan. This gives an opportunity to each member to win the auction once.
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If in any given month there are no bidders, then the system will automatically pick a winner. The winner will get the total value of the plan minus the Committi fee. In that month, there won’t be any surplus for the members.
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