View more on these topics

Financial sector in murders shock

The financial services industry was rocked last week by the killing of a Legal & General director and a Bank of Scotland employee at their homes.

John Monckton, 49, a managing director of bonds at L&G Investment Management, was knifed in his Chelsea home by two youths.

He was one of the top three figures in the corporate bond market, managing assets of more than £26bn. He has worked at L&G since 1996.

Earlier last week, Alistair Wilson, a 30-year-old new business manager at Bank of Scotland, was shot dead on the doorstep of his home in Nairn, Inverness-shire having just put his children to bed. Wilson worked for BoS at the Inverness Business Centre.

Originally from Ayrshire, Wilson joined the bank in 1996 as an accountancy and business law graduate and started in Fort William branch, before moving to the PFI and specialist lending sections in Edinburgh.


Industry could take six months to recover from M-Day

Half of brokers say it could take at least six months for business to be back to normal post M-Day, says Advantage Home Loans.A further one in ten think it could take a year before business levels return to normalA recent survey of brokers, conducted by branded mortgage arranger Advantage Home Loans, has revealed that […]

PMS goes back on its exclusives decision

Premier Mortgage Services has decided against withdrawing its exclusive products from the Mortgage 2000 Encore sourcing system saying it hopes any issues can be resolved.On Friday PMS issued a statement saying it was withdrawing its exclusives with immediate effect. But following discussions with Mortgage 2000 managing director Sean Hornsby, PMS managing director John Malone says […]

NAEA disappointed at chancellor’s report

The National Association of Estate Agents is disappointed that the chancellor did not take the opportunity to amend stamp duty levels in his pre-Budget report today.Peter Bolton King, chief executive of the NAEA, says: “House prices have risen by around 150% since the 60,000 threshold for stamp duty was set over a decade ago meaning […]

BMS calls for more buy-to-let investor choice

BM Solutions is calling for the buy-to-let market to offer better flexibility and choice for investors. The company says it believes that other lenders should follow suit to ensure that all investors have the opportunity to derive the same benefit from their buy-to-let portfolios.John Bianco, senior products manger at BM Solutions, says: “Buy-to-let borrowers are […]


News and expert analysis straight to your inbox

Sign up