New Zealand specifies repayment plan on ANZ/ING products

21 July 2010 | 1 minute read

New Zealand’s Commerce Commission has determined the payment method for distribution of the NZ$45m (US$31.8m) settlement fund agreed with ANZ National Bank (ANZ) and ING (NZ) (ING) in respect of the ING Diversified Yield Fund (DYF) and ING Regular Income Fund (RIF), said the commission in a statement. The commission has determined that the payment method should target returning about…

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