Commerce Commission to sit on ING decision for another month

The regulator confirmed it has made a decision over ANZ New Zealand's promotion of the two funds, which Good Returns understands will entail a fine, but is in ongoing discussions with the bank and will not make an announcement for at least a month.

"Until that's concluded we won't be making any comment," said a commission spokeswoman.

Commission chairman Mark Berry pushed out the decision until the first fortnight of April due to a clash with the regulator's work priorities, after earlier indicating it would be forthcoming in March.