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Don&#39t panic, says CIS

CIS is advising investors not to panic about the current stockmarket turbulence.

It recommends that investors should remind themselves of the initial reasons for their investment and consider whether they are prepared to ride out the storm or if they will need access to their money in the next two years. They could then talk to a financial adviser about alternative strategies.

CIS says some providers will let investors transfer to lower-risk funds while others will permit savers to take a premium holiday. This allows time for savers to consider what they want to do and for the stockmarkets to settle.

It points out that the trend over the longer term has been for equities to outperform cash.

CIS says monthly savers are buying stocks at low prices. This means they are buying more units and could see higher returns in the future.

General manager (marketing) Martin Clarke says: “Customers are naturally jittery as news of sharp stockmarket falls hit the headlines. Many realise the direct impact this is having on their investments but not everyone is aware that decisions taken now could have enormous implications.”

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