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Suttons IFA acquires Whitewell Financial Planning


By Dan McGrath

Suttons Independent Financial Advisers (IFA) has acquired Bolton-based firm, Whitewell Financial Planning, for an undisclosed sum.

Whitewell was founded in 2008 by Phil O’Connor and provides financial planning, investment and retirement planning advice to individuals, business owners and directors across the North West and further afield


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Over four in five ‘easy access’ savings accounts come with restrictions

Over four in five (82%) easy access savings accounts offered by the UK’s main current account providers have some form of restriction attached, according to research by Spring

Story 3

IHT receipts jump 7% year-on-year in May

Inheritance tax (IHT) receipts totalled £1.5bn between April and May, increasing by 7% year-on-year in the first two months of the tax year, HMRC has revealed

Story 4

Bank of England holds base rate at 4.25%

The Bank of England (BoE) has confirmed it will hold interest rates at their current level of 4.25%

158% surge in RIO mortgages

Vernon Building Society has reported a 158% increase in its retirement interest-only (RIO) mortgages for the period between January and May, compared to the same five-month period last year

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Siblings convicted of insider dealing and money laundering worth £1m

The Financial Conduct Authority (FCA) has secured convictions against a brother and sister for insider dealing and money laundering offences
UK inflation remains at 3.4% in May

UK inflation held at 3.4% in May, the Office for National Statistics (ONS) has revealed, ahead of the Monetary Policy Committee’s base rate announcement tomorrow

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AJ Bell launches new advice platform

AJ Bell has launched a new streamline platform, AJ Bell Touch, to help financial advisers implement investment advice for their clients

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Categories

IHT receipts jump 7% year-on-year in May

Inheritance tax (IHT) receipts totalled £1.5bn between April and May, increasing by 7% year-on-year in the first two months of the tax year, HMRC has revealed

Late payment interest on income tax soars to £513m in last five years

HMRC has charged £513m in interest on the late payment of income tax since 2020, a new Freedom of Information (FOI) request submitted by NFU Mutual has shown

Number of estates liable for IHT to surpass 37,000 by 2027

The number of estates in the UK subject to inheritance tax (IHT) will exceed 37,000 by 2027, according to analysis by Irwin Mitchell

IHT receipts hit second highest ever total in April

Inheritance tax (IHT) receipts reached the second highest monthly total ever recorded, totalling £780m in April, HMRC data has revealed

Siblings convicted of insider dealing and money laundering worth £1m

The Financial Conduct Authority (FCA) has secured convictions against a brother and sister for insider dealing and money laundering offences

FCA appoints deputy chief exec

The FCA has appointed Sarah Pritchard as deputy chief executive

Caring responsibilities among most common customer vulnerabilities – MorganAsh

Caring responsibilities are one of the most common life events experienced by vulnerable financial consumers, MorganAsh has found

UK Finance calls for new drive in demand for green home upgrades

UK Finance has called for action from the financial services sector to drive demand for green home upgrades

Over four in five ‘easy access’ savings accounts come with restrictions

Over four in five (82%) easy access savings accounts offered by the UK’s main current account providers have some form of restriction attached, according to research by Spring

Bank of England holds base rate at 4.25%

The Bank of England (BoE) has confirmed it will hold interest rates at their current level of 4.25%

UK inflation remains at 3.4% in May

UK inflation held at 3.4% in May, the Office for National Statistics (ONS) has revealed, ahead of the Monetary Policy Committee’s base rate announcement tomorrow

One in five retail investors switch from equities to cash – Investec Save

Over a fifth (21%) of retail investors have switched money from equities to cash in 2025 in response to global stock market volatility, Investec Save has found

Two-thirds of workers missing out on salary exchange pension boost

Just over a third (35%) of salaried workers are enrolled in their company’s salary exchange scheme, Scottish Widows has found, warning that the rest could be missing out on a pensions pot boost potentially worth tens of thousands of pounds

Third of savers feel confident about affording retirement

The majority of pension savers are not confident they can afford to retire, according to research from Hargreaves Lansdown, which found that just 36% of people surveyed are confident they can afford to retire

Grant Thornton Pensions Fund secures £275m buy-in with Royal London

The Grant Thornton Pensions Fund has secured a £275m buy-in with Royal London, securing the benefits of around 2,200 members

Morrisons pension scheme completes £270m buy-in with Aviva

The Morrisons Retirement Saver Plan has completed a £270m buy-in with Aviva, securing the retirement benefits of over 32,000 deferred members of the RSP Section of the scheme

Par Equity and Praetura Ventures merge to create £670m PXN Group

Par Equity is to merge with Praetura Ventures and its adviser-focused arm, Praetura Investments, to create a new venture capital and investment firm, PXN Group

British Business Bank announces £10m investment in Shawbrook Bank

British Business Bank has announced a £10m tier two investment in Shawbrook Bank, as part of its latest £75m capital raise

Openwork Partnership acquires Milecross Financial Solutions

The Openwork Partnership has successfully completed a transaction to acquire advice firm Milecross Financial Solutions

Shackleton secures majority investment from Lee Equity

Shackleton Advisers has entered into a definitive agreement for a majority investment from funds managed by Lee Equity Partners

AJ Bell launches new advice platform

AJ Bell has launched a new streamline platform, AJ Bell Touch, to help financial advisers implement investment advice for their clients

Two thirds of advisers ready to move to new CRM system

Over two thirds (69%) of advisers are ready to "break up" with their CRM systems, Twenty7tec has found

Foster Denovo to launch new digital advice tool

Foster Denovo has developed a new digital tool that aims to make financial advice more accessible by bridging the “advice gap”

FCA allows firms to experiment with AI alongside NVIDIA

The Financial Conduct Authority (FCA) will launch a Supercharged Sandbox to help financial services firms experiment safely with AI to support innovation

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Suttons IFA acquires Whitewell Financial Planning

Suttons Independent Financial Advisers (IFA) has acquired Bolton-based firm, Whitewell Financial Planning, for an undisclosed sum. Whitewell was founded in 2008 by Phil O’Connor and provides financial planning, investment and retirement planning advice to individuals, business owners and directors across the North West and further afield

News in brief - 20 June 2025

Today's round up of developments coming out of the consumer finance space, featuring LiveMore, Norton Home Loans and Skipton Building Society

Keychain launches specialist bridging and commercial workflows

Keychain has announced the launch of its new specialist bridging and commercial workflows

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