Cost, Access, Terms Standards on certain types of contract which ensure that contract changes are reasonable and that access and terms are fair meeting specific requirements
Were introduced by the Government to help the public understand which Mortgages fulfil standards for low charges, access and fair terms. Unfortunately, the idea didn't work too well as most CAT standard mortgages have been withdrawn, as nobody wanted them
Voluntary standards introduced by the Government which can be applied to a number of products including ISAs*. CAT stands for Charges, Access and Terms but does not guarantee performance or suitability of the fund.
CAT stands for Charges, Access, and Terms. CAT standards were introduced by the Government on ISAs in order to help consumers choose financial products. However it is important to remember that CAT standards are not a Government guarantee and that they are not necessarily the best option for an individual consumer.
The standards published by the Government which make it easier for people to assess the basic parts of an ISA. CAT stands for Charges, Access and Terms. If a component of your ISA meets the CAT Standards, you can find more information about these standards in the Key features for the component.
With effect from 6 April 2005 the Treasury has discontinued the ‘CAT Standardâ€(tm) (Charges, Access and Terms) designation. The treatment of any of our funds which met the CAT standard will not be changing.
CAT stands for low Charges, easy Access and fair Terms. The standards were brought in by the government as an incentive to offer savers an even better deal, and to make it easier for you to spot the best value ISAs.
