ISRAEL- Two of the largest banks in Israel - Leumi and Hapoalim - will be able to offer pension advisory services to salaried workers from April 1 2009, a year before initially planned.
However, the ministry said data on the extent of pension advice given so far by small banks has reinforced the need for quality and scope of pension advice.
It said the data indicates the need to increase the availability of public pension consulting employees in the country, by both the major banks - Leumi and Hapoalim - along with the smaller banks.
The ministry statement said that making a purchase of pension products is a complex decision which required pension advice beforehand.
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