DENMARK - The DKK241bn (US$47.6bn) Danica Pension has adopted a new ethical investment policy, MandateWire reports.

INCLUDING: RUSSIA - Oil wealth to prop up pensions; US - South Carolina eyes real estate; UK - Woolworths rejects takeover on pensions conditions; UK - Tesco reportedly in talks with USS

US - The Pensions Benefit Guaranty Corporation (PBGC) understated the risks of its new investment policy, the Government Accountability Office (GAO) has found.

NEW ZEALAND - The Australian and New Zealand governments have agreed to allow retirement savings to be repatriated between the two countries, the New Zealand government has announced.

SWEDEN - Skandia has announced the launch of a cross border corporate pensions product aimed at executives in the Swedish market.

UK - Trustees and pension scheme sponsors should be wary of 'elephant traps' when seeking to de-risk their schemes, Mercer warns.

AUSTRALIA - Australia's pension system requires "a very big structural change in the budget" that will take time to achieve, treasurer Wayne Swan has warned.

The financial health of companies is directly linked to risk and how it is managed, Hewitt Associates say.

Trustees must recognise the quality of pension scheme administration as a serious issue, Xafinity Paymaster urges.

Increasing amounts of regulation is making it "impossible" for companies to develop affordable defined benefit schemes, trustee champion Brian Holden says.