1.   And a crop of sites are dedicated to savers and investors who hold assets outside their home countries.

2.   This obviously reduces the income below what it would have been had he been able to hold the assets directly.

3.   Trusts have long been used to hold assets that would otherwise disqualify the heir from public assistance.

4.   It is usual to distinguish three reasons why people want to hold their assets in the form of money.

5.   As with cash ratios, banks could hold reserve assets above the statutory minimum, thus helping them to resist a squeeze on reserves.

6.   If people think interest rates will rise and bond prices fall, in the meantime they will demand to hold their assets in liquid form.

7.   Everyone wants to hold their assets in liquid form.

8.   In many cases, where the settlor is domiciled outside the United Kingdom, this may not have serious tax consequences if the nominees hold non-UK assets.