Loopholes

• A study by researchers, including Professor Mariassunta Giannetti of the Stockholm School of Economics, warns that simplifying bank regulations in the U.S. and Britain could inadvertently weaken financial stability. • The research suggests that while complex rules are harder to manage, they are more difficult to circumvent, whereas simpler rules are more likely to be "gamed" by lenders. • This finding is significant because it indicates that banks may shift risks elsewhere in the system to bypass simplified regulations, even if those rules appear strict on paper.

Fraudsters exploit confusion or anxiety over new IHT rules by offering a ‘safe haven’ for savings potsThe caller pitches a great deal. Shift the moneysaved in your pension and reinvest it in a scheme overseas where you can avoid it being caught under next year’s changes to the UK’s inheritance tax (IHT) system.From April next year, any money left in a defined contribution pension after your death, which is most workplace and all private pensions, will be pulled into the IHT net. Continue reading...