CTF contributions defy savings malaise

The organisation's quarterly survey found there was an increase in regular and lump sum contributions into CTFs, bucking the trend of a sharply deteriorating savings ratio over the last ten years. Monthly CTF subscriptions rose to £21.95 a month, up 9p from the previous quarter, TISA says, while the average lump sum subscription also increased to £508 from £488 for the proceeding three months. Covering the third quarter of the year to 15 September, the survey provides an insight into more than 2.37 million accounts opened by participating providers. According to the survey, 118,788 new...