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New chair for Sofa

Sofa has appointed 30-year-old IFA John Porteous as its new chairman, replacing Peter Williams who stepped down in December after serving for a year.

Porteous is director of The Independent Financial Partnership and has 10 years experience in the financial services industry.

He has been an IFA for three years, first with Robson Rhodes before joining The Independent Financial Partnership in early 1999. He is responsible for running the firm&#39s London office.

Porteous joined the board of Sofa as a members&#39director, elected by the membership in 1999. He contributes to Sofa&#39s Access to Excellence seminar programme and has spoken regularly at the annual Sofa Update Conference.

Porteous says: “Sofa this year has a stronger, more robust and better thought out strategy. As chairman,I am responsible for implementing that strategy. I will be listening closely to members to give them a value-added proposition. I am getting acclimatised and will be planning to swap around some board members.”


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The Daley Update

Former Jupiter chief executive John Duffield has appointed Howard Covington as chief executive of his new fund management business, New Star Asset Management. Norwich Union Investment Funds&#39 Mark Skinner is to join New Star as retail managing director of sales and marketing in May. Skinner will be joined by NU head of sales Mark Hilliam […]

Society lending down in December

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NU extends endowment guarantee

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Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]


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