Australia regulator takes largest pension fund to court over death benefit claims delay
March 12 (Reuters) - The Australian securities watchdog is taking the country's largest pension fund, AustralianSuper, to court, claiming it delayed processing of about 7,000 death benefit claims for a period of over five years.
The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.
Reporting by Rishav Chatterjee in Bengaluru; Editing by Mohammed Safi Shamsi
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Scottish Sun
an hour ago
- Scottish Sun
Elon Musk has PTSD & made a MISTAKE by helping Trump, his dad claims as he reveals verdict on what caused explosive feud
ELON Musk has "White House PTSD" and thinks he made a mistake by helping Trump get reelected, his dad has claimed. Errol Musk, 79, made the explosive remarks in Moscow, where he's set to appear at a Kremlin-backed forum organised by Putin's inner circle. Advertisement 9 Errol Musk claims his son Elon has 'PTSD from the White House' Credit: East2West 9 Musk Snr also believes the Tesla boss regrets helping Trump get reelected Credit: Reuters 9 Errol is currently in Moscow to appear at a Kremlin-backed forum Credit: East2West 9 Elon reportedly donated $288 million to Trump's 2024 campaign Credit: AFP It comes just days after his billionaire son's high-profile alliance with the US President imploded in a fierce online feud. The world's richest man — who reportedly donated $288 million to Trump's 2024 campaign and briefly served as a White House aide — has now turned on the president over his sweeping tax and spending bill. Elon even claimed on X that Trump was tied to disgraced paedophile Jeffrey Epstein, though the post was later deleted and the White House dismissed the allegation outright. Their bromance is now beyond repair. Advertisement On Sunday, Trump confirmed to NBC that he has no interest in making amends: 'I would assume so, yeah,' he said when asked if their relationship was over. 'I have no intention of speaking to him.' Now, the Tesla and SpaceX boss is said to be grappling with regret and fatigue from his turbulent stint in Washington. Musk Snr told Putin-controlled media: 'So at the moment, Elon is inclined to say that he's made a mistake.' 'Trump will prevail. He's the president, he was elected as the president. Advertisement 'Elon made a mistake, I think, but he's tired, he's stressed. He added: 'Five months of continuous stress, continuous, continuous stress, stress, stress. Trump crushes 'peace talk' hopes with Musk as he insists Elon has 'lost his mind' and 'vows to get rid of his Tesla' 'And then in the end, it's just him and Trump left… They still don't know what to do, so they fight with each other until they can come to normal conditions.' The South African businessman likened the split to a "marriage going wrong" and suggested his son was out of depth in the brutal political arena. Advertisement He told Russian outlet Izvestia: 'It happens in marriages, it happens in partnerships, it happens a lot . 'And people have to understand that at the moment, Elon is having second thoughts... 'He's not a great politician, he is still learning, he's a great tech innovator and so forth. 'But his politics is, as I've said before, is a swimming pool with no bottom, it's a swimming pool with no sides. Advertisement 'When you're in a swimming pool of politics, you've got to really know where to go. 'And he [Elon] doesn't realise that.' 9 Errol made the explosive claims on Putin-controlled media in Russia Credit: East2West 9 He said his son had a very stressful five months Credit: East2West Advertisement Errol added that Elon had been trying to "get everything right" with a recent bill, but clashed with Trump over what he saw as excessive Democratic spending concessions. 'But unfortunately, he doesn't realise that in order to get their votes in the Senate and the Congress, Trump has to do that,' he said. 'They are the only two people left in the arena… and they took to each other, which is understandable.' Errol's comments were made to Tsargrad TV — owned by Konstantin Malofeev, a businessman with alleged links to Russian military intelligence. Advertisement He praised Moscow, saying: 'Whoever designed this city is a true genius. These majestic buildings remind me of Ancient Rome.' He also dismissed Western portrayals of the Russian capital as 'nonsense.' 9 Trump and Musk's bromance fell through in a spectacular public feud online Credit: AFP 9 The feud erupted over Trump's 'big, beautiful bill,' which proposed stripping billions in government subsidies from Tesla Credit: AP Advertisement Errol will speak at the Future Forum 2050, organised by Malofeev and Putin ideologist and 'philosopher' Alexander Dugin. Meanwhile, Russia appears eager to capitalize on Musk's estrangement from the US political elite. Putin crony Dmitry Medvedev cheekily offered to mediate peace talks between 'D and E' — Trump and Elon— 'for a reasonable fee and to accept Starlink shares as payment.' Another Kremlin loyalist, ex-space chief Dmitry Rogozin, publicly offered Musk asylum. Advertisement 'You are respected in Russia. If you encounter insurmountable problems in the US, come to us and become one of us,' Rogozin wrote. Russia would offer him 'reliable comrades and complete freedom of technical creativity'.
Edinburgh Live
2 hours ago
- Edinburgh Live
New Edinburgh bubble tea shop to replace another bubble tea cafe in centre city
Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Another new bubble tea cafe is prepared to set up shop in Edinburgh city centre after an application for new signage was approved. HeyTea will open at 32-33 South Bridge between Ladbrokes and Ikigai Ramen Southbridge. An application for HeyTea branded signage was submitted to Edinburgh Council in February of this year and approved in late March. The shop will occupy the premises formerly occupied by another bubble tea shop, HI TEA, now closed. HeyTea is a popular bubble tea brand originating in China. They brand themselves as starting the "new tea style", which innovates traditional tea by adding ingredients like milk, fruit, and various toppings. They sell fruit tea and milk teas, experimenting with unusual ingredients like cheese foam. Join Edinburgh Live's Whatsapp Community here and get the latest news sent straight to your messages. Their website reads: "As the originator of the New Style Tea, we hav ebeen infusing our teas with eccentric inspiration, giving traditional tea a new life. We want to create a tea brand for young minds who are tired of mediocracy and who dare to drink differently." This will be the franchise's second Scotland store after their first opened in Glasgow. The brand also operates a number of cafes in London and Manchester. They also operate stores across the world in Australian, America, Canada, and Asia. Lines wrapped around the block with customers waiting for hours when the franchise opened their Glasgow branch on Byres Road, according to @theolivetreefamily on TikTok. Edinburgh Live reported recently on another new bubble tea cafe in the works after plans were lodged with Edinburgh Council to erect signage for Hey Luck Bubble Tea: Bubble Tea & Street Food at 72 South Clerk Street.
Reuters
a day ago
- Reuters
China's forex reserves up $3.6 billion in May, less than expected
BEIJING, June 7 (Reuters) - China's foreign exchange reserves rose by a less-than-expected $3.6 billion in May, official data showed on Saturday, as the dollar continued to weaken against other major currencies. The country's foreign exchange reserves, the world's largest, rose 0.11% to $3.285 trillion last month, below the Reuters forecast of $3.292 trillion. They were $3.282 trillion in April. The increase in reserves was due to "the combined effects of factors such as exchange rate conversion and asset price changes," China's State Administration of Foreign Exchange said in a statement. The yuan weakened 1.05% against the dollar in May, while the dollar slid 0.23% against a basket of other major currencies .
