Lesson From the Slice Affair: The Capital Market Authority Is Expected to Limit Investment in IRA Funds

In a Knesset hearing, a representative of the Capital Market Authority revealed that the authority has formulated regulations that will be published soon and will prohibit investment in alternative funds and non-marketable assets through personally managed provident funds. This is after savers' money totaling almost a billion shekels was transferred through slice funds to foreign funds and invested in non-marketable assets that are difficult to …