People should talk to advisers before making any long-term financial commitments, Later Life Academy chairman Bob Champion has urged.
He told advisors to be on the front foot to help consumers through this period of uncertainty after the UK voted to leave the European Union.
Champion said: “We are entering several years of uncertainty in the markets – the future does depend a lot on how authorities react to market sentiment.
“Understandably, consumers will be cautious and perhaps somewhat nervous about what the future holds and this is where the advisory community needs to get on the front foot.
“Now is the time to open up the communication channels and I would urge anyone thinking about their financial plans to talk them through with a professional adviser before entering into any long-term financial commitment.”