Former Tory Chancellor Nigel Lawson has called for George Osborne to fully nationalise Royal Bank of Scotland (RBS) and criticised the bank's so-called "star" traders.

Ignis Asset Management parent Phoenix Group has rejected a number of takeover approaches to buy the fund management business, according to reports.

BlackRock has launched an Emerging Markets Absolute Return fund for managers Sam Vecht and Henry Wigan.

Mark Skinner, director of European retail at Henderson, has left the business as part of the latest re-shuffle at the asset manager.

INFLATION

CONTRARIAN

Incoming Bank of England governor Mark Carney has suggested struggling economies dump inflation-targeting in order to kick-start growth.

CONTRARIAN INVESTOR

Skandia has cut 20 of its 100-strong sales force as it restructures its financial adviser sales team ahead of the Retail Distribution Review (RDR).

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