Earns management fees charged on the accumulated balances of the long-term savings funds it manages, so fee income grows with assets under management and net member inflows.
Geographic Exposure
IsraelN/A
Revenue Drivers
Provident and study fund management
Manages savings, benefits, severance, study, investment and child long-term savings funds for fees
CORE93.6%
Pension fund management
Manages comprehensive and general new pension funds providing retirement, disability and survivors pensions
PERIPHERAL6.4%
End Markets
Salaried employees saving for retirement
Self-employed savers
Employers depositing on behalf of employees
Pension recipients, survivors and disability claimants
The National Insurance Institute funding child savings accounts
Specializations
Selected pension fund status won through the regulator's tenderChild long-term savings programme run under a contract with the Accountant GeneralIndex-tracking and age-based investment tracks for membersDisability and survivors pension cover inside the comprehensive fundTax-advantaged medium-term study savings for employees and self-employedTrustee holding of member assets under the regulatory regime
Activities
Long-term savings fund management
Investment portfolio management across member tracks
