Pensions

Threat to Israeli pensions after conglomerate profit warning

By Anshel Pfeffer, September 6, 2012

A mammoth quarterly loss and a going concern warning have raised fears over the future of one of Israel’s largest and most heavily-leveraged corporations.

Under the leadership of Nohi Dankner, one of Israel’s most dynamic businessmen, IDB Holding Corp underwent rapid expansion over the past decade.

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Israeli lawyer loses bid to block SOCA probe

August 5, 2010

The Serious Organised Crime Agency (Soca) has received a major boost after a disgraced Israeli lawyer failed in a unique legal bid to block investigation of his multi-million pound assets in the UK.

Judges granted Soca power last week to ask Israel Igo Perry about £14m in two London bank accounts.

In October 2007, after a marathon six-year trial in Israel, Perry was given a 12-year jail term for aggravated fraud, embezzlement, obstruction of justice and violation of insurance laws. He was also fined £2.6m, although his jail sentence was later reduced to 10 years.

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Personal Finance: The pension problem

By Ros Altmann, July 30, 2009

Are pensions worth the bother? As employers close their pension schemes and stock markets have plunged, the pensions crisis has worsened. Pensions were traditionally a key part of financial planning, especially as our state pension is about the lowest in the developed world. In fact, Britain has more money in private pensions than the rest of Europe put together. However, increasing numbers of people have abandoned pensions. Many will regret this in years to come. Although not right for everyone, pensions can still offer tremendous opportunities.

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