TAP declares 2.2 per cent dividend rate

The Employees Trust Fund (TAP) yesterday announced that the TAP Board declared a 2.2 per cent dividend for both TAP and Supplemental Contributory Pension (SCP) savings for the financial year ending March 31, 2020.

The dividend was credited into members’ TAP and SCP accounts yesterday. Member’s account statements can be obtained from e-Amanah online service via www.tap.com.bn or by using TAP’s e-Info Kiosk.

With the 2.2 per cent dividend rate, BND64,373,836.01 was credited into 163,978 TAP members’ accounts and BND29,006,694.39 credited into 157,807 SCP members’ accounts for the financial year 2019-2020.

TAP’s investment strategies are implemented based on the approved strategic asset allocation with the objective of providing stable returns to the fund. The investments are subject to global market risks which include the volatility of the stock markets, interest rates, credit risks and foreign exchange risks.