FTSE 350 schemes paid the price for a strong domestic bias during 2014, but it was a lack of protection in matching assets that damaged funding levels the most during the year.

Employers will be hoping to benefit from VAT rebates on scheme services following HM Revenue and Customs’ latest guidance note, but pension lawyers have said further detail is needed on how to recover the tax.

Stockbroker and wealth manager Charles Stanley has created a working party to tackle risk within its pension scheme after reporting a £6.2m deficit increase.

Schemes must reassess the case for increasing hedging activity, experts have said, as a £5bn increase in FTSE 100 deficits underlines the need for enhanced protections.

Any Other Business: Chancellor George Osborne painted an unimpressive picture of the nation’s productivity in the annual Mansion House address. But how can trustees, who have relatively few meetings and mounting time pressures, drive productivity in their governance processes?

Defined contribution schemes will have to declare compliance with the charge cap, as the Pensions Regulator updates its scheme return form to reflect April's legislative changes.

The National Association of Pension Funds has called for improved reporting on human capital in order to enhance investors' insight into companies' long-term growth, strategy and performance.

Leadership of DC summit: Panellists demanded a quick response from trustees and providers on defined contribution scheme design, following the introduction of the pension freedoms.