Chairman’s Welcome Statement

Corporate Governance

Perry Thomas became the Society’s Chair of the Risk and Investment Committee as part of our planned succession from Audrey McNair who retired from the Board of the Society following the 2022 Annual General Meeting, after six years of valuable service to the Society. I would like to take this opportunity to thank Audrey for her valuable contribution to the Society since she joined in April 2016. In March 2022, Nicole Coll resigned from the Board, following two years of valuable service. I was delighted that Reeshi Harania accepted the position as the Society’s Chief Risk Officer following his success in the role of the Society’s Risk and Compliance Director. Reeshi was already a member of the Society’s Executive Management Team and has played a fundamental role in the development and implementation of the Society’s risk and compliance strategy, allowing him to quickly transition into his new role in 2023. Finally, I would like to take this opportunity to thank all of my Board colleagues for the time, effort and expertise they bring to the Society.

Looking Ahead

In 2021 the Society took steps to develop our new business proposition and provide a sustainable platform that will support existing and future members. I am delighted that 2022 has seen the Society return to growth and increase membership whilst improving the quality of propositions and the level of service and care afforded to our members. The Society is benefiting from significantly enhanced capabilities, with a strong Management team and new technology platforms. I would like to thank our members and intermediary partners for their continued support following this period of transition and transformation. Finally, I would like to thank each member of our dedicated staff for their continued passion and commitment to ensure the Society’s sustainability and success.

Developing