Pension regulation by year-end

Supervisor of Capital Markets, Savings and Insurance Yadin Antebi, promised to complete the reorganization and regulation of the insurance pension market by the Jewish holidays this fall, or at the latest by the end of the year.

By SHARON WROBEL
July 30, 2007 07:56

Supervisor of Capital Markets, Savings and Insurance Yadin Antebi, promised to complete the reorganization and regulation of the insurance pension market by the Jewish holidays this fall, or at the latest by the end of the year. Speaking at a conference in Tel Aviv on Sunday, Antebi said pension advisory services - not pension brokerage - would, in the future, be provided mainly provided by the banks. At the same time, the small- and medium-sized banks will be given preference over the large banks to provide pension services for the time period of three years when the large banks will be allowed to enter the field.


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