Towry Law urges caution over financial services standards
TOWRY LAW URGES CAUTION OVER FINANCIAL SERVICES STANDARDS 81% of Adults Do Not Recognise the CAT standard CAT marks and new industry innovations for standards in financial services need careful handling according to Simon Farrant from Towry Law. Concerned that the public was misinterpreting CAT standards, Towry Law commissioned BMRB to test the public's understanding. The results were as follows: 1,000 adults were asked whether they recognised the term "a CAT standard" in relation to financial products and services. 81% of respondents said that they did not know the term. On the plus side,