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Aberdeen Prolific joins ranks of companies spurning Cat standards

Aberdeen Prolific has become the latest company to ignore the Treasury&#39s CAT standards with the announcement that it will launch a non catmarked equity individual savings account in April.


The fund manager has backed the IFA&#39s argument by saying that the CAT standard leaves no scope for the remuneration of sound independent financial advice.


It has also expressed worries about the Cat mark being perceived as some sort of guarantee.

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