News Brief

A new law proposed by MK Haim Katz (Likud) would require financial institutions in charge of investing public funds to invest solely in guaranteed government bonds. The law would affect billions of shekels in pension fund money, which Katz said would be safer under his law.

"I do not wish to see the money saved by pensioners to be used for gambling," Katz said. "I do not want to allow investment houses to buy bonds without guaranteeing the rights of their clients, and then, later on when they lost money, see them deduct money from the savings of clients," he added.