ING Retirement Plans
ING Direct is a marketing name for a branchless direct bank with operations in Australia - ING.COM.AU, Canada, France, Germany, Italy, Japan, Spain, Turkey, United Kingdom and the United States. ING.COM Direct is part of the Dutch ING Group. It offers services over the Internet, phone, ATM or by mail. Their principal product is high-interest savings accounts, with no service charges or minimum account balance requirements.
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| ING Retirement Funds
ING offers twenty mutual funds, each of which has a particular investment strategy.
ING also offers three funds called Strategic Allocation Funds: Strategic Allocation Conservative Fund, Strategic Allocation Moderate Fund, and Strategic Allocation Growth Fund.
The goal of the Conservative Fund is maximum protection from market fluctuations (particularly the stock market) while investing primarily in more price stable instruments such as bonds. ING suggests an investment goal of 5+ years for this fund.
The Moderate Fund allocates most of its fund to stock; with the majority in U.S. domestic stock and a small amount in international stock.
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It maintains a good portion of the fund - though much less than the Conservative Fund - in bonds. ING suggests an investment goal of 10+ years for this fund. The Growth Fund primarily invests in U.S. domestic stock and a slightly larger amount than the Moderate Fund in international stock.
It invests in very few bonds or other more stable investment instruments as compared to the two other funds. The goals of the Growth Fund are in higher returns over the long term by assuming more risk and thus hoping to capitalize on market fluctuations over a long period of time. ING suggests an investment goal of 15+ years for this fund.
Launching in Australia in 1999, ING.COM.AU DIRECT pioneered branchless banking in this country. By doing business online and over the phone, ING DIRECT keep their overheads low and pass the savings onto the consumer in the form of competitive rates.
From a zero base, ING DIRECT is now Australia’s sixth largest retail bank, with approximately $20 billion in deposits, approximately $30 billion in loans and more than one million customers. While ING DIRECT likes to do things differently, the company holds an Australian banking licence and their operations are regulated by the Australian Prudential Regulation Authority and the Australian Securities and Investments Commission, Federal Government regulators.
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ING Retirement Accounts
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