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.”