Indian River Shores Pension Plan Board Adopts Cybersecurity Measures Amidst Vendor Concerns

Overview: At the recent Indian River Shores Pension Plan Board meeting, cybersecurity and vendor management took center stage, with board members deciding to adopt new cybersecurity measures while expressing concerns about vendor compliance. The board explored engaging Fox Point Solutions to assess vendor cybersecurity practices, debated the implications of market volatility on the pension fund, and discussed updates to distribution policies.

Indian River Shores Pension Plan Board Considers Shift to Index Funds Amid Performance Concerns

Overview: The Indian River Shores Pension Plan Board convened to address key investment strategies, with discussions centered on transitioning from active management to index funds due to underperformance concerns. This potential shift is driven by dissatisfaction with the MFS Growth Fund’s ongoing subpar results, leading board members to explore more cost-effective options like Vanguard index funds for better market exposure.

Indian River Shores Pension Board Debates Real Estate Strategy Amidst Liquidity Concerns

Overview: In a recent meeting of the Indian River Shores Pension Plan Board, substantial attention was given to the pension’s investment strategy, particularly concerning real estate and liquidity. This meeting saw discussions about shifting investment priorities to ensure better liquidity while maintaining performance, amidst market volatility and evolving economic conditions.