Superannuation trustees are failing grieving Australians, with an ASIC review uncovering excessive delays, poor service, and systemic failures in processing death benefit claims.

Prime Minister Anthony Albanese has called a federal election for 3 May, seeking to capitalise on Labor’s recent budget, just hours after Peter Dutton outlined his economic plan and accused the government of fuelling inflation through excessive spending.

The FSU has branded AMP’s confirmation that it will not use surveillance and monitoring on employees in their homes a “win” for the union.

While Australia’s disinflation process remains on track, market experts see the RBA keeping rates unchanged at next week’s meeting.

In a budget that left economists scratching their heads, the government made a firm commitment to the welfare of two very important Australians: Xing Qiu and Yi Lan, Adelaide Zoo’s resident giant pandas.

Australia’s largest super fund, AustralianSuper, has divested its stake in WiseTech Global, citing concerns over the company’s governance and management, which failed to meet the fund’s expectations.

While the superannuation sector has welcomed stability in super settings, statements following Tuesday’s budget announcement indicate there are areas the sector believes the budget fell short.

Treasurer Jim Chalmers' fourth budget revealed a $207 billion fiscal turnaround, with tax receipts, superannuation revenue, and debt reduction playing key roles.

The federal budget being delivered tonight is shaping up to be a “spendathon ahead of the election”, according to AMP’s Shane Oliver, with much of the new spending already announced and likely to be matched by the Coalition.

China’s technology sector is emerging as a powerhouse, with renewed investment and policy support propelling it to compete with global leaders.