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| What are the CAT standards for stocks and shares ISAs? |
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- Charges: an annual charge no more than 1% of fund’s net asset value.
- Access: a minimum contribution of not more than £50 per month or £500 per year.
- Terms: at least 50% of the ISA investment should be invested in EU listed securities. It should be priced at a single mid-market price. The level of investment risk should be highlighted in the fund literature.
The Interactive Investor ISA is not a CAT standard ISA. The CAT standards place a number of restrictions on minimum investment levels, charges and the geographical areas in which funds can invest. As we aim to give you increased flexibility and greater range of investments we have chosen, like many other ISA providers, not to CAT mark our ISA account and the funds available within it. We do, however, meet a number of the standards by virtue of our agreements with fund managers which means most of the funds available in the Interactive Investor Fund Supermarket have an initial charge of 1% or less.
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