re: Ann: Sale of 1100 Hay Street, Perth for $... Hi Defty,Thanks...

re: Ann: Sale of 1100 Hay Street, Perth for $... Hi Defty,

Thanks for this... over here in NZ, ING have frozen a number of funds and are playing hardball with 'mum and dad' investors and retirees who will lose a lot of money.

ING are only offering 60c in the $1, to be paid in 5 years time and investors need to sign a waiver on any other rights to su ING and ANZ (the sales people of ING's product). Otherwise, ING has suggested that they can legally keep the fund closed for 73 years !!

Dirty buggers, and lots of older people here in NZ are going to have an awful retirement as a result.

On principle I am not going to invest in any ING products/ vehicles (although this could be hipocritical as many insto's have done the dirty on smaller investors recently).

Thanks for your thoughts though and I will check it out, from an interest perspective only.

Cheers
John