ING Enhances Rollover Wizard Tool to Enable Employees to Rollover Assets Online

ING, a global financial services leader, announced today it has enhanced its Rollover Wizard tool to help employees rollover money from their ING employer-sponsored retirement plan (i.e. 401(k) plan) into an ING Express Individual Retirement Account (IRA), completely online. A transitional services phone-based representative helps the employee walk-through the online process.

"We are always looking for ways to help make it easier for our clients to plan and manage their finances for retirement," said Nancy Clifford, vice president, ING Financial Horizons. "The Rollover Wizard enhancement gives ING defined contribution plan participants the opportunity to rollover their assets into an IRA using a quick and easy online process, when they have a qualifying event."

"When an employee is about to leave their job or retire, they need to make a decision on what to do with the assets in their retirement plan at their employer. An ING transitional services representative works in partnership with the field representative to review all options with the employee and if the client chooses to rollover their assets into an IRA with ING, the process is easy and quick since all steps take place online," added Clifford.

The Rollover Wizard is also a helpful tool for the ING transitional services representatives to better serve participants. Using the tool helps to reduce errors in paperwork, and decreases processing time between the representative and the client. The representative is able to view the customer information that is pre-filled in a variety of forms that are necessary to complete the rollover.

According to Cerulli's Quantitative Update: Retirement Markets 2006 reports, 59 percent of rollovers from defined contribution plans are done by retirees, and 41 percent are done by job changers. Traditional IRA assets, which are significantly driven by rollovers from defined contribution plans, comprised 90 percent -- or $3.3 trillion -- of the Total IRA assets at the end of 2005.

The ING Express IRA is a mutual fund custodial account with approximately 53 fund offerings. There is no cost to rollover the assets, and clients can access their account 24/7 online and via phone. Additional IRA products will be added in the future.

About ING

ING Group is a global financial institution of Dutch origin offering banking, insurance and asset management to more than 60 million private, corporate and institutional clients in 50 countries. With a diverse workforce of more than 120,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.

In the U.S., the ING family of companies offers a comprehensive array of financial services to retail and institutional clients, which include life insurance, retirement plans, mutual funds, managed accounts, alternative investments, direct banking, institutional investment management, annuities, employee benefits, financial planning and reinsurance. ING holds top-tier rankings in key U.S. markets and serves more than 15 million customers across the nation. For more information, visit www.ing.com.

SOURCE: ING Financial Services

CONTACT: Caroline Campbell of ING, +1-212-309-5931,
caroline.campbell@us.ing.com

Web site: http://www.ing.com/us