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About LEMBAGA TABUNG ANGKATAN TENTERA
Lembaga Tabung Angkatan Tentera (LTAT), commonly known as the Armed Forces Fund Board, is a statutory body established in August 1972 under the Armed Forces Fund Act. It is responsible for managing the pension fund for certain members of the Malaysian Armed Forces[1]. Here are key points about LTAT:
- Establishment and Purpose: LTAT was created to manage the pension fund for Malaysian Armed Forces personnel. It is overseen by the Ministry of Defence[1].
- Membership and Contributions: Participation in the fund is voluntary for officers, while other ranks are required to contribute a portion of their salary. The government also contributes as an employer for compulsory contributors[1].
- Investments and Holdings: LTAT owns controlling stakes in several public-listed companies in Malaysia, including Boustead Holdings and Affin Holdings[1]. As of 2017, it had RM10 billion in assets under management[1].
- Certifications and Awards: LTAT has received various certifications, such as MS ISO 9001:2015 and ISO/IEC 20000-1:2011, reflecting its commitment to quality management and IT service standards[3]. It has also won awards for financial management and quality reporting[3].
- Recent Developments: In April 2023, LTAT became a substantial shareholder of AHAM Capital, acquiring a 7% equity stake[2]. This move highlights LTAT's continued involvement in strategic investments and partnerships.
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