Harel Pension Fund Managers Visit HaRav Eliashiv
by Yated Ne'eman Staff
Yossi Dotan, vice president of long-term savings at the Harel Group, and Motti Levy, vice president of Harel Gilad, received blessings from Maran HaRav Eliashiv shlita for an investment track in the Harel Gilad pension fund which has been granted halachic approval by the Eida Chareidis' Oversight Committee for Financial Investments.
HaRav Eliashiv received the company executives at his home, and listened to accounts of their extensive efforts to adapt the Harel Gilad pension fund and the special Harel Gilad investment track to meet the needs of the chareidi sector and wished them success.
"The real blessing lies in the fact that Jewish funds are invested in an institution that has halachic supervision," he said.
A few weeks ago the directors of the pension fund paid visits to the Rosh Yeshiva, HaRav Aharon Leib Shteinman, and HaRav Chaim Kanievsky shlita, who offered their blessings as well.
Harel Gilad's investment track, known as the General Investments Channel ("Afik Hashka'ot Klali"), is available to all investors and is designed to provide the chareidi public, which, since the directive to expand comprehensive pension insurance entered the market in 2008, has had to cope with a lack of pension savings tracks that are consistent with halacha and have received Eida Chareidis approval attesting that they are free of chilul Shabbos, interest and other prohibitions. The investment track places an emphasis on ensuring the quality of the investment will remain dependable over time in comparison with general pension fund investment tracks.
The Harel Gilad pension fund is notable for customer loyalty, and caution in long-term investment. The fund is under the management of Harel, which has established some of the leading funds in the Israel pension fund market, and which is backed by NIS 8 billion in assets and 350,000 people insured.