Centre for Policy on Ageing



The problem with CATs — response to the Treasury's proposals on CAT standards for Individual Savings Accounts
Corporate Author	National Consumer Council - NCC
Publisher	National Consumer Council, London, 1998
Pages	29 pp (PD 64/F/98)
Source	National Consumer Council, 20 Grosvenor Gardens, London SW1HW 0DH.
Keywords	Savings ; Social characteristics [elderly] ; Consumer ; Comments or Evidence submitted.
Annotation	This paper is the National Consumer Council (NCC) response to the Treasury's consultation paper, `Making savings easy', on standards for the financial products that will form part of the ISAs (Individual Savings Accounts). CAT standards are supposedly designed to indicate a product has: C: reasonable charges; A: easy access; and T: fair terms, which do not cause unpleasant surprises. NCC expresses concerns that ISAs and CAT standards will not help lower income consumers to save. It suggests alternative ways such as pump priming new credit unions, and revamping National Savings products for small savers. (RH).
Accession Number	CPA-981027216 B
Classmark	JDD: F: WY: 6PM
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...from the Ageinfo database published by Centre for Policy on Ageing.