Surprise: Longer life expectancies will increase some pensions
Treasury to stop favoring pension funds over insurance policies.
The treasury is changing its long-standing policies concerning retirement savings. In a reversal of a policy that has been in place for more than a decade, Oded Sarig, the Commissioner of Capital Markets, Insurance and Savings in the Finance Ministry, will no longer favor pension funds over other retirement savings vehicles, particularly whole-life insurance (bituah menahalim ) or provident funds. The treasury...
Like us on Facebook and get articles directly in your news feed