Too Few Chefs Threaten to Spoil the Pension Broth

The estimated value of pension savings managed by financial institutions is currently about NIS 800 billion and they are almost all in the hands of five or six companies.

Debating legislation to address the unacceptable degree of concentration of economic power in Israel in so few hands, the Knesset Finance Committee has turned its attention to a particularly hot topic: the provision that would impose limits on holding companies having a controlling stake in both financial and non-financial businesses.