CAT standards .
The table below summarises the CAT requirements.
| Cash | Insurance | Stockmarket | |
| Charges | No charges at all to be levied. | Annual charge of up to 3% No other charges |
Annual charge of up to 1%
plus other fees such as stamp duty |
| Access | Minimum deposit /
withdrawal no greater than £10. Withdrawals within 7 working days or less |
Minimum premium no more than £250 per year or £25 per month. | Minimum savings of no more than £500 per year or £50 per month. |
| Terms | Interest rate cannot be
more than 2% below the base rate. Increases in the base rate must be followed within 1 calendar month. |
If the plan is
surrendered, the value paid out must equal the value of
the underlying assets. After 3 years, this must be equivalent to at least the value of premiums paid in. |
Investment is permitted in
stocks, shares, unit trusts, open ended investment
companies, & certain investment trusts. Units must have single (mid-price) pricing. |
In addition, the ISA provider must undertake to: