Showing posts with label Lembaga Tabung Angkatan Tentera. Show all posts
Showing posts with label Lembaga Tabung Angkatan Tentera. Show all posts

Monday, February 18, 2008

Employees Plundering Funds

Lembaga Tabung Angkatan Tentera ("LTAT"), the company that manages the Armed Forces Superannuation Fund recently declared a dividend of 16% for the year 2007. EPF, however, declared a dividend of 5.8%.

Check this out.

Dividend Year 2007; EPF 5.80%, LTAT 16%
Dividend Year 2006; EPF 5.15%, LTAT 15%
Dividend Year 2005; EPF 5.00%,
Dividend Year 2004; EPF 4.75%, LTAT 15.75%
Dividend Year 2003; EPF 4.50%, LTAT 10%
Dividend Year 2002; EPF 4.25%

I cant find some of the years where LTAT declared their dividends, but you'll get the picture.

Result speaks for itself. Which of these two fund managers are more efficient, profit-driven and acts for the benefit of their beneficiaries? Yeah, I personally thinks that LTAT fund managers should be managing our EPF too. Don't you want to retire comfortably?

*EPF used to be consistently giving out dividends of 8.5% between 1983-1987 and highest dividend payout before the dip was 6.84% in 1999. If you have not known, EPF is only obligated to provide 2.5% dividends (as per Section 25 of the Employees Provident Fund Act 1991).