The U.

Inheritance tax could be due a major overhaul, with a new report recommending sweeping changes to gifting rules, life insurance policies and even who pays the bill.

Pension scams cost Brits £4 billion a year and are anticipated to be the next big financial scandal, it was reported this month.

There are more highly leveraged mortgages€”those with high loan to value (LTV) ratios€”being issued than at any time since before the financial crisis.

The Federal Reserve is set to cut interest rates by 25 basis points at its policy meeting this month, as the US central bank settles on a cautious approach to monetary easing despite political pressure for deeper stimulus.

Families could cut their inheritance tax bills by thousands of pounds by using a little-known rule that allows them to adjust the valuation of the estate of a deceased relative if house prices have fallen.

Savers risk a £300 fine and further daily penalties if they dip into an old retirement pot and fail to tell their current pension provider - but it is unknown how many are falling into this obscure trap.

Last month we highlighted the restricted annual pension allowance for those with high income, such as doctors.

Recent dividend announcements have been an unwelcome reminder for some investors that peaks also have downsides.

A new set of proposals for funding long-term care has emerged from a significant source.

A survey by HMRC published in May concluded that the public have a relatively poor knowledge of inheritance tax (IHT) rules and lack of confidence in what they do know.

If those three letters mean nothing to you now, they may do soon.