News
West Wales campaigners cals for pension fund to divest from Israel-linked companies
Petitions delivered as pressure mounts on Dyfed Pension Fund over alleged links to Israeli arms and settlement firms
PALESTINE solidarity campaigners across west Wales are stepping up efforts to pressure the Dyfed Pension Fund (DPF) to withdraw its investments from companies alleged to be complicit in Israeli violations of international law.
Activists from Carmarthenshire, Ceredigion and Pembrokeshire are collecting signatures and engaging with local residents to raise awareness of the DPF’s investment portfolio. Their campaign targets funds allegedly tied to arms companies, financial institutions, and firms operating in Israeli settlements deemed illegal under international law by the United Nations.
On Thursday (May 15), campaigners plan to lobby the DPF Board at County Hall in Carmarthen, coinciding with the 77th anniversary of the Nakba—marking the mass displacement of Palestinians during the 1948 Arab-Israeli conflict. Letters will be handed to board members urging immediate divestment.
Campaigners will return on Monday, June 23, when a petition with over 1,700 signatures gathered across Ceredigion and Carmarthenshire will be presented to the Pension Committee. This follows the submission of a 672-signature petition from Pembrokeshire in March.
The Dyfed Pension Fund is one of eight local government pension schemes in Wales and manages the pensions of over 50,000 employees and retirees. It is administered by Carmarthenshire County Council on behalf of Carmarthenshire, Ceredigion and Pembrokeshire councils, as well as Dyfed-Powys Police, Mid & West Wales Fire & Rescue Service, and other public bodies.
Campaigners have directed particular scrutiny at Councillor Elwyn Williams, Plaid Cymru member for Llangunnor and chair of both the DPF Committee and the Wales Pension Partnership. They argue that, given Carmarthenshire’s administrative role in both the Fund and the national partnership, the council holds significant influence and must take responsibility.
According to the Palestine Solidarity Campaign (PSC), recent research shows that the DPF has invested around £235 million in companies with ties to Israel—significantly more than the £1.3 million figure originally disclosed by the Fund.
Yvonne Redfern of Carmarthenshire PSC said: “Councils must avoid investing in or procuring from companies complicit in Israel’s breaches of international law. That includes arms manufacturers, financial backers, and businesses active in illegal settlements.”
However, critics of the campaign note that many of the companies in question are large multinationals involved in a wide range of business activities, and their presence in Israeli markets does not necessarily reflect political support for Israeli government actions. They also argue that investment strategies must consider long-term financial stability for pension holders, not just political concerns.
Pension funds like the DPF operate under strict fiduciary duties and regulatory frameworks, requiring them to maximise returns for their members—primarily public sector workers and pensioners—while navigating complex ethical and financial considerations. This balance can make divestment from controversial sectors legally and financially challenging.
The DPF has stated that its investment decisions are guided by Robeco, an independent asset management company specialising in responsible investing. Campaigners, however, argue that the Fund is using this as a shield to avoid ethical responsibility.
The Herald has approached the Dyfed Pension Fund and Carmarthenshire County Council for comment.
Campaigners are calling for the DPF to:
- Divest from firms listed by the UN as operating in illegal Israeli settlements;
- Publish clear ethical investment procedures;
- Establish time-limited engagement strategies with offending firms and outline consequences if they fail to reform;
- Update the Fund’s investment principles to exclude complicity in international law violations.
Since launching the campaign in October 2023, activists have staged street stalls, film screenings, and direct engagement with councillors and pension holders. However, they say they’ve met resistance from the councils, which claim to have limited control over the Fund’s investment strategy.
Dinah Mulholland of Ceredigion PSC said: “Pension contributors and future beneficiaries have no meaningful say. That’s unacceptable. These are public funds from workers—there should be democratic accountability.”
Some fund members, however, argue that decisions about ethical divestment must be weighed against financial performance, and that pension funds should not become platforms for political protest.
The UK Government has also proposed legislation limiting the ability of local authorities to boycott or divest from companies on political grounds, arguing such decisions should align with national foreign policy. This has added a layer of complexity for campaigners pressing for local action.
While Plaid Cymru officially supports divestment from companies complicit in human rights abuses, activists claim that progress in Dyfed has been slow—despite the party leading both Carmarthenshire and Ceredigion councils.
Photo caption: Campaigners gather signatures outside Brynmeurig Stores in Tregunnor, Carmarthen (Pic: Supplied)
Charity
Vincent Davies raises £13,682 for air ambulance charity
Independent Haverfordwest store backs lifesaving crews with year of community fundraising
A WEST WALES department store has raised more than thirteen thousand pounds for a lifesaving emergency service after a packed year of community fundraising.
Staff at Vincent Davies Department Store collected £13,682 for the Wales Air Ambulance Charity, after voting the organisation their Charity of the Year for 2025.
The independent retailer organised events throughout the year, including an Easter bingo, bake sales, quizzes, raffles, staff sales, Christmas jumper days and a festive wreath-making workshop. Charity jam jars placed in Café Vincent also helped gather steady donations from customers.
One of the most popular attractions was the store’s charity singing penguin trio, which drew smiles from shoppers of all ages and boosted collections.
Sarah John, Joint Managing Director at Vincent Davies, said: “Raising £13,682 for the Wales Air Ambulance Charity is something we are extremely proud of at Vincent Davies Department Store. As a director, it’s wonderful to see our community come together to support a charity that makes such a lifesaving difference.”
The air ambulance is consultant-led, delivering hospital-level treatment directly at the scene of serious incidents and, when needed, transferring patients straight to the most appropriate specialist hospital.
Working in partnership with the NHS through the Emergency Medical Retrieval and Transfer Service, crews can provide advanced critical care including anaesthesia, blood transfusions and even minor surgical procedures before reaching hospital.
Operating across the whole of Wales, its teams travel the length and breadth of the country by helicopter and rapid response vehicle to reach patients quickly in both rural and urban areas.
This is not the first time the Haverfordwest store has backed the cause. In 2016, staff previously raised £5,831 when the charity was also chosen as their beneficiary.
Mike May, the charity’s West Wales Regional Fundraising Manager, said: “We are so grateful to Vincent Davies Department Store for raising an incredible amount for our charity. Throughout the year they put on a variety of different events and what a successful fundraising year it was.
“The charity needs to raise £13 million every year to keep our helicopters in the air and our rapid response vehicles on the road. By raising £13,682, the staff and customers have played an important part in saving lives across Wales.”
The store says it will announce its Charity of the Year for 2026 in the coming weeks.
Crime
Police assess complaints over Mandelson–Epstein links
Met says allegations will be reviewed to see if criminal threshold is met following release of US court files
SCOTLAND YARD is reviewing a series of complaints alleging possible misconduct in public office after fresh claims emerged linking former UK ambassador Peter Mandelson to convicted sex offender Jeffrey Epstein.
The Metropolitan Police Service confirmed it has received “a number of reports” following the publication of millions of pages of material by the United States Department of Justice, and will now decide whether any alleged conduct reaches the level required for a criminal investigation.
Commander Ella Marriott said the force would assess each report individually, stressing that a review does not automatically lead to formal proceedings.
The documents, widely referred to as the “Epstein files”, appear to show Mandelson corresponding with Epstein while serving as business secretary during the government of Gordon Brown at the height of the global financial crisis.
According to reports, Epstein was allegedly given insight into internal policy discussions, including proposals around banker bonus taxes in 2009 and details of a eurozone bailout package shortly before it was announced publicly.
Payments questioned
Bank records cited in the US disclosure reportedly show payments totalling 75,000 US dollars made to Mandelson between 2003 and 2004. It is also claimed Epstein paid for an osteopathy course for Mandelson’s husband.
Mandelson has denied any wrongdoing and said he has “no record or recollection” of the alleged transfers.
On Sunday he resigned his membership of the Labour Party, saying he did not want his continued association to cause further difficulty for the party.
In interviews, he dismissed suggestions that Epstein influenced his decisions as a minister and said nothing in the released files pointed to criminality or misconduct on his part.
Pressure mounts
The political fallout has intensified, with Downing Street confirming Keir Starmer has asked Cabinet Secretary Chris Wormald to carry out an urgent review into Mandelson’s historic contacts with Epstein while in office.
Brown has also called for an examination of whether any confidential or market-sensitive information was improperly shared during the financial crisis.
The case is the latest in a series of controversies linked to Epstein’s long-standing relationships with powerful figures on both sides of the Atlantic.
Police emphasised that no charges have been brought and that Mandelson is not currently under criminal investigation, but said the complaints process would be handled “thoroughly and impartially”.
Community
Councillor meets chief constable to address Monkton and Pembroke concerns
COUNTY COUNCILLOR Jonathan Grimes has met with the new Chief Constable of Dyfed-Powys Police to discuss crime, antisocial behaviour and wider community issues affecting residents in Pembroke and Monkton.
Cllr Grimes, who represents Pembroke St Mary South and Monkton, said the meeting followed his invitation for senior police leaders to visit the area and hear first-hand about local concerns.
The Chief Constable, Ifan Charles, attended alongside officers from the Pembroke Neighbourhood Policing and Protection Team, meeting the councillor in Monkton for what were described as open and constructive talks.
As part of the visit, they also spoke with Monkton Priory Community Primary School headteacher Dylan Lawrence and Danny Nash from Pembrokeshire County Council Housing Services to gather views from education and housing professionals.
Discussions covered a range of issues raised by residents, including domestic abuse, drug and alcohol misuse, antisocial behaviour and environmental concerns such as littering, dog fouling and dangerous or inconsiderate driving.
Cllr Grimes acknowledged recent police successes, particularly in tackling drug-related activity, but said enforcement alone would not solve the area’s challenges.
He said closer cooperation between the police, council services, schools and the wider community would be needed to deliver longer-term improvements.
The councillor added that he plans to encourage residents to form a local community group in the coming weeks, aimed at developing practical solutions and strengthening partnership working across the area.
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