Avoid panic selling and have faith in markets - Skandia

It says the natural urge to “panic sell” in today’s landscape can be overcome if advisers have faith in long-term strategic asset allocation. Skandia says using technology can help an IFA adjust asset allocation if client risk attitudes change. “The worst mistake investors can make is to come out of the market once it has already dropped,” it says. “Platforms and the e-business… can help them (advisers) monitor their clients’ attitude to risk over time and switch to new funds if necessary without exiting the market.” Skandia says it has seen “significant demand” for fixed interest o...