Social Value Ideas for East Sussex County Council

Actuarial contract award in progress

Three bids for the actuarial procurement have been received, scored, moderated, and are now at clarification stage on cost. Officers expect to be able to make a decision and report back at the next bo…

“In terms of actuarial procurement, we've received the submissions from three contractors. The written submissions and a presentation that they carried…”

Investment strategy statement consultation

The fund is preparing a new draft Investment Strategy Statement for committee approval on 1 October, followed by public consultation and final approval in February. The statement is being reframed to …

“The key difference being the investment items with the usual reporting, but also we will be bringing the investment strategy statement or the draught …”

Border to Coast transition signing

The investment management agreement for Border to Coast has been signed, but the power of attorney remains outstanding and is expected by late 2026 or early 2027. Until the POA is signed, Border to Co…

“So this is our usual standing item obviously relating to the changes, the significant changes we've had to make in relation to pooling as part of it f…”

Mayoral Combined Authority devolution arrangement changes

Government confirmed tweaks to Sussex and Brighton Mayoral Combined Authority arrangements. Mayoral election moved from May 2026 to May 2028. Investment fund allocation increased from 30% to 40% of to…

“the memorial election for Sussex and Brighton combined Authority will now be in May 28 that the investment fund that we will receive until the mayor a…”

Fair Funding Review and funding settlement failure

National Fair Funding Review, business rates reset, and provisional local government settlement have failed to recognize funding required for service pressures. While three-year settlement is welcome,…

“The review of local government funding through the Fair Funding Review, business rates reset and provisional local government settlement have failed t…”

Procure independent person

The committee approved commencing procurement for an independent person required under regulation 53A. The role will advise and challenge committee and officers on pensions, investments, administratio…

“Under section 5 .3 and 5 .4 description of the expectation of the independent person. We will need to move to procure this position. A couple of funds…”

Pooling and governance reform

The fund is progressing major governance changes driven by the Fit for the Future consultation, including completing the move from Access to Border to Coast, finalising legal documentation, and prepar…

“So this is a regular agenda item that we introduced in 2024 following the introduction of the Fit for the Future consultation. So the Fit for the Futu…”