FHCIL Pension Gold Annual Report 2022

2 AT A GLANCE 3 CHAIRMAN’S REPORT 4 BOARD OF TRUSTEES REPORT 6 Governance Activities 6 Actuarial Valuation Summary 7 Valuation Results 7 Recommendations 8 Operations and Performance of the Scheme Relative to Targets 9 Contributions 9 Net Assets Available for Benefits 9 Net Yield on Net Assets Available for Benefit 10 Membership 11 Expenses 11 Interest Rate 12 Risk Management 16 Unitized Investment Funds 17 FINANCIAL STATEMENTS 19 APPENDIX 1 44 Name and Addresses of Trustees 44 APPENDIX 2 45 Name and Addresses of Actuary and Auditor 45 Name and Addresses of Administrator and Investment Manager 45 REMINDER TO OUR MEMBERS 46 NOTES 47 Table of Contents

3

At a Glance

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Chairman’s Report

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23 23 to 43 25 to 43

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Appendix 1

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Appendix 2

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Notes