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ING DIRECT pays up for "no fees" super marketing

ING DIRECT is returning a total of $5 million to members of its superannuation fund, Living Super, and will no longer promote the product as having "no fee" after the financial services regulator raised concerns about how fees on its cash option were advertised.

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Read more: SuperASICING DIRECTING BankAdministration FeeNo InvestmentCash InvestmentGreg TanzerPromotion ofSaving Maximiser