We have identified 50 evidence-based social value themes for Carmarthenshire County Council in Wales across 38 service areas. These insights are derived from the latest council meeting transcripts and can inform your social value strategy for bids and tenders.
Rebalance into credit
The board agreed a rebalancing proposal to sell £170m of equities from the WPP Global Growth Fund, move £130m into the WPP Global Credit Fund, and hold £40m cash to meet expected capital calls. This w…
“So, this rebalancing proposal was presented to the committee earlier this month, again by Adrian, the independent advisor to the fund, and is recommen…”
Carbon reduction progress
The fund’s weighted average carbon intensity has fallen from 162 to 61 since September 2020, exceeding the 7% annual reduction goal aligned to the Paris Agreement. Members asked for wider communicatio…
“So, if I just take the board briefly through the waterfall chart, which you can find at page H3 of the pack, and if I start on the left and work to th…”
IMCo transition timetable
Chris gave a detailed update on the Wales Pension Partnership investment management company transition. FCA approval had been received in principle, shareholders’ agreements and articles were being ex…
“So within your papers, you do have the quarter three review paper. There is the operator update and the performance figures. There, the reference to r…”
New strategic asset mix
The board approved a revised strategic asset allocation, moving to a more defensive profile with option B, including index-linked gilts and a tighter long-term structure. The expected return is CPI + …
“So, this revised strategic asset allocation will be in place until we do a further review at a future date. So, we won't be doing another review for a…”
Applicant cut opening hours
In response to objections, the applicant amended the proposed sale and opening hours from 6am-11pm to 7am-9pm. The committee sought explicit confirmation that both alcohol sales and opening hours were…
“So, as a result, the original application was 6 am to 11 pm. That is correct. Subsequently, having considered the representations and everything in th…”
Premises licence review for illegal working
The committee heard a Home Office review application seeking revocation of a premises licence after illegal working was identified on two enforcement visits. The evidence cited two separate incidents …
“The concern for immigration enforcement is not simply the number of workers encountered. The actual concern is what the evidence tells the committee a…”
Countywide licensing policy review
The committee considered a review of the Licensing Act 2003 policy, including cumulative impact assessments for several areas. The existing policy, adopted in February 2024, is being reviewed again as…
“Diage. Diage, Mr Gediré, good morning, members of the Licencing Committee. Thank you, and could I ask you to refer, as the Chairman has mentioned, to …”
Personal licence review after conviction
A personal licence held by Mr Baker was brought before the committee for possible suspension or revocation after he was convicted of participating in a fraudulent business involving illicit tobacco sa…
“In December 2024, we became aware from a press article and subsequently from information exchanged with our Clearing Standards colleagues that Mr. Bak…”
Index-linked gilt allocation
Mercer recommended introducing a 5% allocation to index-linked gilts because current real yields were considered attractive and close to the fund’s discount rate. This was presented as a way to lock i…
“Indexing gilts, I'll come on to, but we think there's a very strong argument for introducing that asset class into the strategy. I think the fund did …”
Strategic Asset Allocation Option B
The committee approved Mercer’s Strategic Asset Allocation Option B as the fund’s revised long-term strategy. Option B modestly reduces equity exposure, trims property and alternatives to match curren…
“So, if we go on to the first On to page one, we set the scene. And so, yes, just as Chris has already reminded the committee, you had your valuation o…”
Interim portfolio rebalance approved
The committee approved an immediate rebalance of the pension fund portfolio: sell 4% of equities, invest 3% in credit and 1% in cash. The rationale was to reduce an excessive equity overweight, create…
“What I am suggesting is that we take some of that and sell some of those equities and rebalance credit in particular. That is because equity markets h…”
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