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New Israel treasury stance on managers insurance sends industry reeling

Finance Ministry shocks insurance industry by changingin pensions for all Israelis invested in retirement insurance policies.

By Meirav Arlosoroff and Noam Bar | 06:45 12.07.12 |

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Meirav Arlosoroff

Noam Bar

Israelis are living longer and as a result insurance stocks plunged yesterday, wiping out NIS 850 million of their value.

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