Economy · Full coverage
Technical Error Understates Savings Program Profits by 5.6 Billion Shekels
How 7 Israeli newsrooms covered this story — translated into English and compared side by side.
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First reported by Walla · 1 day ago
What happened
A technical error in Israel's "Savings for Every Child" program report understated profits by 5.6 billion shekels. Corrected data shows 8.85 billion shekels in accumulated profits since 2017, with significant gains for Altshuler Shaham and Harel. The program is shifting account management from banks to provident funds.
- 01A technical error understated the program's accumulated profits by 5.6 billion shekels.
- 02Corrected profits total 8.85 billion shekels since the program began in 2017.
- 03Altshuler Shaham's profits were corrected from 80 million to 4.08 billion shekels.
- 04Harel's profits were corrected from 649 million to 1.65 billion shekels.
- 0598,000 bank accounts closed in 2025, shifting deposits to provident funds.
- 06By end of 2025, 84% of accounts will be managed by provident funds, 16% by banks.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 7 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
YnetCenter · Hebrew16 minutes ago
Technical Error Understates Savings Program Profits by 5.6 Billion Shekels
CalcalistUnrated · Hebrew24 minutes ago
Technical Error Understates Savings Plan Profits by 5.6 Billion Shekels
GlobesUnrated · Hebrew1 hour ago
Israel’s 'Savings for Every Child' Program Yields 36% Returns and Financial Literacy Benefits
GlobesUnrated · Hebrew4 hours ago
National Insurance Underreports Investment Gains for Israeli Children's Savings Program
N12Center · Hebrew11 hours ago
1.3 Million Israeli Children Save in Default Plans Without Parental Choice
MakoCenter · Hebrew11 hours ago
1.3 Million Israeli Children Save in Default Plans Without Parental Choice
GlobesUnrated · Hebrew16 hours ago
Israel’s Child Savings Program Sees Shift From Banks to Investment Funds After 2025 Regulation Change
YnetCenter · Hebrew1 day ago
Israel's Child Savings Program Reaches 25 Billion Shekels With Majority Managed in Provident Funds
GlobesUnrated · Hebrew1 day ago
Israel’s Child Savings Program Reaches 25.4 Billion Shekels with Shift to Pension Funds
CalcalistUnrated · Hebrew1 day ago
Mass Shift from Banks to Investment Funds in Israel’s 'Savings for Every Child' Program
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