Investment company ING New Zealand is to guarantee a minimum return to investors in two of its funds, which were frozen last year as their values collapsed amid the credit crunch.
A group of investment advisors had labelled ING's original plan insulting, saying it could return as little as 15 cents in the dollar.
Under the new plan, investors in the Diversified Yield Fund can choose to take 60 cents per unit now, or 83 cents in five years.
Those in the Regular Income Fund can choose between 62 cents now and 86 cents in five years.
ING chief executive Helen Troup says given the current environment, it's a generous offer.
However one Auckland investor, who has $80,000 in the Regular Income Fund, says he is planning to fight to get all his money back.
And a Kapiti Coast investor who has $25,000 in the diversified yield fund says he is keen to get his money out as soon as possible.
The plan still requires the approval of the trustee and unit holders.
