11 April 2006

Brewin Dolphin Securities has recorded its highest ISA sales for four years, with subscriptions totalling £90.5 million. This represents a £15 million (20%) increase on 2004-2005 sales figures. In the last three days of the 2005 / 6 tax year, Brewin Dolphin recorded £9 million of ISA subscriptions.

Charlotte Black, Marketing Director of Brewin Dolphin commented:

“The increased popularity for ISAs comes despite the continued impact of the government's decision in 2004 to remove tax credits on equity dividends, which effectively reduced the value of a £250 dividend paid into an ISA to £225. However, ISAs still represent an excellent investment opportunity, especially if investors have access to the right kind of information and advice and the annual tax concessions are simply not worth throwing away.

“We also believe that increased concern over pension fund shortfalls and future financial security has led many investors to increase their level of investment in other forms of savings.”