IMB Bank exits advice ownership IMB Bank has exited advice ownership with its planning assets being sold to Bridges Financial Services. For more.

Advisers should not be tainted by stamping fees Advisers should not be tainted by media reports that they are using stamping fees as a remuneration loophole, according to the Association of Financial Advisers. For more.

AMP Capital questions whether stimulus package is enough Australia will receive a large $17.6 billion direct stimulus package, which will include a $2.4 billion health package and hospital funding to the states and territories but AMP Capital is questioning whether it is enough to do the job. For more.

Australia’s largest manager blasé on responsible investment Macquarie Asset Management ranked 55th out of the largest 75 asset managers in terms of its responsible investment approach and has been given a ‘D’ rating by ShareAction. For more.

NAB withdraws Capital Notes 4 offer The bank said it was in the best interest of stakeholders to withdraw the offer as market volatility was likely to impact the trading value of the notes. For more.

Westpac in AUSTRAC class action Westpac has been served with a class action by Johnson Winter and Slattery related to market disclosure issues connected to AUSTRAC proceedings. For more.

Progress towards gender equality in corporate world remains slow Having over 20% of women on a board, more than 30% in management, and over 44% in the total workforce has a positive relationship with a firm’s returns, according to RobecoSAM. For more.

Franklin Templeton positions for likely Australian recession Franklin Templeton has been tactically adjusting its fixed income portfolios in expectation of a possible global financial crisis and is looking to take advantage of attractive opportunities presented by the fallout. For more.

Tim Wilson keeping industry funds busy Outsider understands that Liberal back-bencher, Tim Wilson, has been keeping quite a few industry fund officials busy in his role as chair of the House of Representatives Standing Committee on Economics. For more.

Josh talks headwinds, Outsider talks toilet paper Outsider should be feeling a whole lot more relieved after receiving an e-mail from the Treasurer, Josh Frydenberg, assuring him that while Australia faces economic headwinds, the economy is nonetheless resilient. For more.

The computer and keyboard graveyard Outsider has been around long enough to remember the day he switched from noisy typewriters to sleek dumb terminals. For more.