Knesset panel sets minimum pension fee

12.07.2012                      22.Tammus. 5772

Altersvorsorge:

Knesset panel sets minimum pension fee

The Knesset Finance Committee has approved a proposed bill meant to protect individual consumers, by setting a minimum level for pension fund management fees.
The bill would prevent large organized groups, such as workers' unions, from negotiating very low rates. Funds then offset those low fees by charging higher rates to individual customers….