“There is considerable uncertainty for the UK and wider EU as a result. Markets have reacted as expected and moved quickly.

“People with ISAs, pensions and investments will inevitably be poorer today than they were yesterday, especially those relying on incomes from their investments, but such early-day jitters are to be expected – so we shouldn’t panic. We must remain focused on the longer term and encourage a calm position; a loss is not a loss until it is crystalised.

“Mark Carney, this morning, reassured the markets that steps will be taken to ensure stability and continuation. We believe the next few days, weeks and months are going to be uncertain and bumpy with values fluctuating further.

“Trying to time the markets over the short term is very difficult and we believe that remaining in the markets over the longer term will see pensions and ISAs recover.”

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