6 December 2006

Brewin Dolphin, the UK’s largest independent portfolio manager, welcomes Government plans to encourage long-term saving and investing. It believes that by bringing PEPs within the investment wrapper, combined with the government’s stated support for this type of investment vehicle, could lead to a 50% increase in the value invested in ISA’s during 2007.

Charlotte Black, Director of Corporate Affairs at Brewin Dolphin said, “This vote of confidence for ISA’s is long overdue. It’s ended years of uncertainty as to the future of this investment vehicle, which is good news for both investors and the investment management industry. We believe that it will reinvigorate the ISA market, increase equity investments and could even lead to a 50% increase in the value of sales next year.

“We’ve been saying for ten years that PEPs and ISAs should be amalgamated to cut the cost for all the investors who have both types of investment vehicle. This goes some way to doing so.”

The following Brewin Dolphin professionals are available to comment in their specialist areas on various aspects of savings and investments from today’s pre-Budget report.

For further information and other Group spokespeople please contact:

Charlotte Black
Brewin Dolphin Securities
020 7248 4400

Patrick Evans, Alistair Kellie or Ewan Robertson
Citigate Dewe Rogerson
020 7638 9571